The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Eswara Rao Nandam & Others
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Eswara Rao Nandam, along with persons acting in concert (Uma Nandam, Vishaal Nandam, and Ajaraya Business Corporation), has sold 22,32,050 equity shares (4.14% of voting capital) of Hit Kit Global Solutions Ltd on 23 March 2026 via the open market. Following this sale, the group's aggregate holding in the company has dropped from 1,26,74,003 shares (23.51%) to 1,04,41,953 shares (19.37%). The company has clarified that it has no promoter/promoter group, so the acquirers are classified as persons acting in concert under SAST rules. The total share capital of the company remains unchanged at 10,78,00,000 shares.
A 4.14% open-market sale by a significant shareholder group is a sizeable reduction in their stake, which could weigh on stock sentiment. The selling group remains a substantial holder at 19.37%, so the change in control risk is limited, but retail investors should note the continued trimming of holdings.