The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hemal Desai

Promoter Stake Sell 1pctPromoter Below 50pctOwnership Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹131.50

prior close

₹128.55

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.8%+1.7% vs market

Other Financial Services peers, median of 83sector-1.7%+0.6% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 0.6 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.3

15m

+0.3

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1-2.8+1.7-1.7+0.6

Next day

-6.3-5.6-0.7-4.0-2.4

+1.1-1.3+2.4+0.2+0.9

+4.9-0.6+5.5+0.8+4.1

+4.9+0.4+4.4+1.8+3.0

+7.2+0.8+6.4+2.2+5.0

+12.2+4.9+7.3+7.0+5.3

15d

+14.8+14.4+0.4+10.3+4.6

+21.5+15.3+6.2+10.3+11.2

+17.4+18.8-1.4+10.1+7.3

+17.0+24.3-7.3+7.1+9.9

UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 83Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Archana Coal Private Limited, part of the promoter group of Available Finance Ltd, sold 8,16,296 equity shares (8.00% stake) at ₹130.34 per share, totaling about ₹10.64 crore on 24th March 2026. The sale was carried out partly as an inter-se transfer within the promoter group and partly through an open market bulk deal. As a result, the promoter entity's holding dropped from 57.224% to 49.224%, falling below the 50% mark. The disclosure was filed under SEBI SAST Regulation 29(2), which applies to changes exceeding 2% in shareholding.

Likely market impact

Promoter stake falling below 50% reduces their absolute control threshold and may be viewed negatively by retail investors. However, part of the transaction is an inter-se transfer within the promoter group, suggesting internal restructuring rather than a full promoter exit.