The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manoj Shantilal Savla
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The promoter group of Trustedge Capital Ltd, led by the Shantilal Savla Family Trust and persons acting in concert, acquired 8,85,000 equity shares through a Preferential Allotment on 3rd June 2025. This raised their collective stake from 67.00% to 71.99% of the company's voting capital. As part of the same allotment, the company's total equity share capital expanded from 49,68,600 shares (~₹4.97 cr) to 58,53,600 shares (~₹5.85 cr). The main allottees within the promoter group were the Shantilal Savla Family Trust (2,92,000 shares), Avani Dharen Savla (2,50,000), Dharen Shantilal Savla (1,25,351), Shanil Paras Savla (1,11,946) and Shail Manoj Savla (1,05,703). The disclosure was filed by Manoj Shantilal Savla as Trustee of the Family Trust.
This is a confidence-boosting signal as promoters are deploying fresh capital into the company via a preferential route, strengthening their controlling grip (now nearly 72%). However, the rising promoter concentration further squeezes the public float, which may weigh on liquidity and minority influence in future decisions.