The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Kumar Loonia HUF
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Growington Ventures India Ltd informed BSE about a disclosure under SEBI's Takeover Regulations. Hitesh Kumar Loonia HUF, a non-promoter entity, sold 1,58,02,553 equity shares (2.461% of total share capital) through open market between October 8, 2025 and November 28, 2025. Before the sale, the HUF held 3,55,02,194 shares (5.529%), and after the sale its holding stands reduced to 1,96,99,641 shares (3.068%). The total share capital of the company remained unchanged at 64,22,15,760 shares. No encumbrance or pledge-related activity was involved in this transaction.
Since the seller is not part of the promoter or promoter group, this sale does not affect promoter holding in the company. It reflects a non-promoter investor trimming a sizeable portion of its stake, which could create temporary supply-side pressure on the stock but is not a negative signal on company fundamentals.