The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prakash Shah & PACs
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Prakash Shah and his Person Acting in Concert (PAC), Suman Shah, together acquired 10,09,789 shares (2.07% of voting capital) of Hit Kit Global Solutions Ltd through open market purchases between early December 2025 and prior dates. Before the acquisition, their combined holding was 44,48,436 shares (9.09%); after the acquisition, it rose to 54,58,225 shares (11.16%). Prakash Shah's individual holding moved from 8.65% to 10.18%, crossing the 10% substantial shareholder threshold under SEBI's Takeover Regulations. The filings explicitly state that the acquirers do NOT belong to the promoter/promoter group.
A non-promoter entity has crossed the 10% SAST disclosure threshold, which may heighten corporate governance and potential control-change concerns for existing shareholders. Further acquisitions beyond 10% would attract additional SEBI compliance obligations.