The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Glimmer Enterprises Pvt Ltd
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.4 pts more than Nifty Microcap 250 and 4.6 pts more than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Glimmer Enterprises Pvt Ltd, a non-promoter entity, sold 24,30,905 equity shares (4.51%) of Hit Kit Global Solutions Ltd in the open market between February 12 and 13, 2026. This reduced their holding sharply from 5.48% (29,54,503 shares) to just 0.97% (5,23,590 shares). The disclosure was filed under SEBI's Takeover Regulations because their stake crossed below the 5% disclosure threshold. Hit Kit Global Solutions has a total equity share capital of ₹10.78 crore, comprising 5.39 crore shares of ₹2 each. The shares were sold through normal stock exchange trading.
A non-promoter investor has substantially exited the stock, cutting their stake from over 5% to under 1%, which may indicate a loss of confidence or portfolio rebalancing. Retail investors should watch for any further selling pressure or unusual price movement in the short term.