The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Surendrakumar Loonia & Others
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On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.7 pts less 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 along with Hitesh Kumar Loonia HUF, who are not part of the promoter group, sold 1,96,89,392 equity shares (3.066%) of Growington Ventures India Ltd in the open market between 6 August 2025 and 19 September 2025. Their holding reduced from 5,51,91,586 shares (8.595%) to 3,55,02,194 shares (5.529%) of the company's total share capital. The total share capital of the company remained unchanged at 64,22,15,760 shares. The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This is a non-promoter shareholder trimming their stake significantly, though they still remain a substantial holder above the 5% disclosure threshold. Such open market selling by a non-promoter can create short-term supply pressure on the stock, but since the seller is not a promoter, it does not signal any change in management or control intent.