The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Surendrakumar Loonia & Other
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On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 0.7 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hitesh Surendrakumar Loonia and Hitesh Kumar Loonia HUF (acting as persons in concert) sold 1,33,08,414 equity shares of Growington Ventures India Ltd in the open market between 17 July 2025 and 5 August 2025. This represents 2.072% of the company's share capital. Their combined holding reduced from 6,85,00,000 shares (10.667%) to 5,51,91,586 shares (8.595%). The sellers have explicitly confirmed that they do not belong to the promoter or promoter group of the company. No encumbrance or pledge activity was involved in this transaction.
This is a non-promoter offloading shares, which may indicate a non-promoter investor trimming their position. Since the sellers are not part of the promoter group, this does not affect promoter holding or control of the company. Retail investors should note the reduction in a large shareholder's stake, but the impact on stock price is likely limited as the total equity capital remains unchanged.