The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shivanand Shankar Mankekar HUF & PACs
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Shivanand Shankar Mankekar HUF along with persons acting in concert (Mr. Shivanand Shankar Mankekar, Mrs. Laxmi Shivanand Mankekar and Mr. Kedar Shivanand Mankekar) sold 18,93,950 equity shares of ArisInfra Solutions in the open market between February 9 and February 12, 2026. This reduced their combined holding from 46,86,239 shares (5.75%) to 27,92,289 shares (3.43%) of the company's paid-up capital. The disclosure is filed because the cumulative change in holding exceeded the 2% threshold under SEBI SAST Regulation 29(2). The acquirers have explicitly stated that they do not belong to the promoter or promoter group. The shares were sold through five separate transactions, mostly by Mr. Kedar Shivanand Mankekar.
A non-promoter insider group with significant holdings is trimming its stake by more than 40% of its prior position, which may signal weak conviction and could weigh on short-term sentiment. However, since the sellers are not classified as promoters, this is not a promoter exit, and the open-market nature means the impact is already reflected in trading volumes.