The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shanil Paras Savla
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Shanil Paras Savla, along with persons acting in concert (Parasbhai Shantilal Savla and Priti Paras Savla) who belong to the promoter group of Trustedge Capital Ltd, has disclosed an acquisition of 1,11,946 equity shares (about 1.91% based on post-issue capital) on 3rd June 2025. The company's total equity share capital expanded from 49.68 lakh shares to 58.53 lakh shares during this period, suggesting the acquisition was through a preferential allotment or rights issue rather than an open-market purchase. After this acquisition, the promoter group's combined holding stands at 10,59,829 shares, representing 18.11% of the expanded share capital.
This is a promoter-group acquisition that signals continued promoter confidence in the company, though the promoter holding remains well below 50% at 18.11%. For shareholders, this is mildly positive as it shows insiders are increasing their stake rather than diluting further, but the small size of the acquisition limits its broader market impact.