The Hardik Desai Family Trust, identified as part of the promoter group of Trident Texofab , acquired an additional stake in the textile manufacturer through the open market. The trust purchased 39,425 equity shares on August 17, 2026, representing a 0.26% increase in its voting power relative to the total share capital.

Following this acquisition, the trust’s total holding stands at 10,18,691 shares, which accounts for 6.79% of the company’s total voting capital. Prior to this transaction, the entity held 9,79,266 shares, constituting a 6.53% stake. The disclosure was filed with BSE Limited on August 20, 2026, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Structure

The acquisition was conducted entirely through the open market mechanism. The disclosure indicates no changes to the company’s total equity share capital, which remains at Rs. 14,99,57,640 (1,49,95,764 equity shares of Rs. 10 each). There were no warrants, convertible securities, or other instruments entitling the acquirer to receive shares carrying voting rights involved in this transaction.

Regulatory Compliance

The filing was submitted by Hardik Jigishkumar Desai, acting as trustee for the Hardik Desai Family Trust. The document confirms that the acquirer belongs to the promoter category and lists Trident Texofab Limited as the target company. The trust’s address is recorded as Seema Row House, Opp Krushi Farm, Ghod Dod Road, Umra, Surat.

No shares were reported as encumbered with pledge, lien, or non-disposal undertakings either before or after the acquisition. The total diluted share/voting capital of Trident Texofab remains unchanged at Rs. 14,99,57,640 post-transaction.

Trident Texofab Limited returned to profitability in the first quarter of FY26, reporting a net profit after tax of ₹52.18 lakh for the period ended June 30, 2026. This result marks a sharp reversal from the net loss of ₹200.94 lakh posted in the previous quarter (Q4FY25), signaling an operational improvement despite a decline in revenue. The company’s total income from operations fell to ₹2,632.79 lakh in Q1FY26, compared to ₹3,410.25 lakh in the prior quarter and ₹2,851.58 lakh in the same quarter last year.

The Board of Directors approved the unaudited standalone financial results on August 10, 2026, following a review by the Audit Committee. The results were filed with the stock exchanges pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed these figures via newspaper advertisements in Financial Express (English and Gujarati editions) on August 12, 2026, in compliance with Regulation 30 and Regulation 47 of the SEBI Listing Regulations.

Financial Performance Highlights

The company generated a pre-tax profit of ₹68.72 lakh in the current quarter, up from a pre-tax loss of ₹130.75 lakh in Q4FY25. Earnings per share stood at ₹0.35 for both basic and diluted calculations, a notable improvement from the negative EPS of ₹-1.30 in the preceding quarter. Equity share capital remained unchanged at ₹1,499.58 lakh.

What the Numbers Show

The divergence between declining revenue and rising profitability suggests cost optimization or margin expansion drove the turnaround. While total income dropped by approximately 23% quarter-on-quarter, the company managed to swing from a significant loss to a profit position. This indicates that fixed costs may have been better absorbed or variable costs reduced relative to sales volume, although specific operational drivers were not detailed in the filing. The year-over-year comparison shows lower profits than Q1FY25 (₹101.59 lakh), highlighting that while the immediate trend is positive, it has not yet returned to the levels seen in the corresponding period of the previous fiscal year.