The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dharen Savla & Avani Dharen Savla
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Promoters Dharen Shantilal Savla and Avani Dharen Savla, acting in concert, acquired 3,75,351 equity shares (6.41% of post-issue capital) of Trustedge Capital Ltd on 03rd June 2025. The total promoter holding rose from 13.78% (6,84,478 shares) to 18.11% (10,59,829 shares). Notably, the company's equity share capital also increased from 49,68,600 to 58,53,600 shares, indicating the acquisition was likely through a preferential allotment, rights issue, or public issue rather than open market purchase. Individually, Dharen Savla's stake moved from 5.33% to 6.67%, while Avani Dharen Savla's stake moved from 8.44% to 11.44%.
This is a promoter group purchase that strengthens promoter ownership in the company, which is generally viewed positively by retail investors as it signals insider confidence. The concurrent increase in share capital means existing shareholders may have been diluted, though the absolute promoter stake grew. Promoter holding remains well below 50%, so no takeover implications arise.