The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shail Manoj Savla
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Shail Manoj Savla, along with promoter group members (Manoj Shantilal Savla, Mita Manoj Savla, and Manoj Shantilal Savla HUF), disclosed an acquisition of 1,05,703 equity shares (1.81%) of Trustedge Capital Ltd on 3rd June 2025. The acquisition was made through a preferential allotment, as the company's total share capital expanded from 49,68,600 to 58,53,600 equity shares. After the acquisition, the promoter group's total holding stands at 10,59,829 shares, representing 18.11% of the post-issue share capital, slightly diluted from 19.20% pre-acquisition due to the issuance of new shares. The mode of acquisition appears to be preferential allotment/inter-se transfer among promoter group entities.
This signals promoter group confidence in the company through continued participation in the capital raise. The slight percentage dilution from 19.20% to 18.11% is marginal and reflects the proportional effect of fresh share issuance rather than a reduction in promoter commitment. Retail investors may view this as a positive signal of promoter faith, though the company has also expanded its equity base significantly (by ~17.8%).