Hardik Desai Family Trust has submitted a regulatory disclosure to BSE Limited regarding its recent acquisition of shares in Trident Lifeline Limited . The disclosure, filed in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the trust's increased shareholding in the company.

The trust, operating through its Ultimate Beneficial Owner (UBO) Hardik Jigishkumar Desai, is categorized as a promoter group entity. Desai is based in Surat, Gujarat, and serves as the trustee of the family trust.

Share Acquisition Details

The transaction involved the acquisition of 4,200 equity shares through open market purchases on 12.03.2026. This acquisition represents a modest increase in the trust's shareholding position.

Company Capital Structure

Trident Lifeline Limited's equity share capital remained unchanged following the transaction. The company maintains an equity share capital structure as detailed below:

The diluted share capital accounts for the potential conversion of outstanding convertible securities and warrants into equity shares.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The trust confirmed that it holds no encumbered shares, voting rights other than through shares, or convertible instruments that would entitle it to additional voting rights in the company.

The transaction represents a routine open market acquisition by a promoter group entity, maintaining transparency in shareholding changes as required by regulatory frameworks. Trident Lifeline Limited's shares are listed on BSE Limited under scrip code 543616.

Trident Lifeline Limited has reported a reduction in its shareholding in subsidiary Trident Mediquip Limited following a private placement transaction. The company's stake in the subsidiary has decreased from 60.04% to 57.34% after Trident Mediquip Limited allotted equity shares to other shareholders.

Shareholding Change Details

The change in shareholding occurred due to a private placement of equity shares by Trident Mediquip Limited to other shareholders. This transaction has resulted in a dilution of Trident Lifeline's ownership stake in its subsidiary.

About Trident Mediquip Limited

Trident Mediquip Limited is a subsidiary company incorporated under the Companies Act, 2013, with its registered office in Surat, Gujarat. The company operates in the pharmaceuticals and chemical industry and was incorporated on October 19, 2019.

Financial Structure

Historical Performance

Trident Mediquip Limited's turnover performance over the last three financial years shows:

Related Party Transaction

The transaction qualifies as a related party transaction since Trident Mediquip Limited is a subsidiary of Trident Lifeline Limited. The filing indicates that several promoters and directors of Trident Lifeline Limited, including Mr. Amit Bhupendra Halvawala, Mr. Chetan Chandrakant Jariwala, and Mr. Hardik Jigishkumar Desai, have interests in the subsidiary. The company has confirmed that the transaction is being undertaken on an arm's length basis.

Regulatory Compliance

Trident Lifeline Limited has filed the necessary disclosures under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also complied with SEBI Master Circular requirements in making this announcement to the stock exchanges.