The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Snehjeev Ventures Pvt Ltd & PACs
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Snehjeev Ventures Pvt Ltd, along with Persons Acting in Concert (PACs) Rushank Lunkad, Sneha Lunkad, and Riddhi Lunkad, acquired 560,000 equity shares (0.85%) through open market purchases on 24 April 2026. Prior to this acquisition, the group held 2,969,664 shares (4.49%). After the transaction, their total holding increased to 3,529,664 shares representing 5.34% of the company's total voting capital of 66,06,900 equity shares. The acquirer has explicitly stated they do not belong to the Promoter/Promoter group. No pledges or encumbrances were reported. The 5% threshold was crossed on the date of acquisition.
This represents a non-promoter entity accumulating shares in the company, crossing the 5% regulatory threshold which mandates disclosure under SAST Regulations. Such creeping acquisitions by non-promoters can signal potential change in control dynamics or strategic interest, and shareholders should monitor for further filing updates as the holding approaches higher thresholds like 10%, 14%, or 25%.