The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Eswara Rao Nandam
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Eswara Rao Nandam, along with persons acting in concert (Uma Nandam, Vishaal Nandam, and Ajaraya Business Corporation), has disclosed a disposal of 33,16,983 equity shares of Hit Kit Global Solutions Ltd, representing 6.154% of the company's total voting share capital. Following this sale, their aggregate shareholding in the company has decreased from 22.240% (1,19,87,130 shares) to 16.086% (86,70,147 shares). This follows an earlier disclosure dated 4th March 2026 regarding an acquisition of shares, and the disposal has caused a change of more than 2% in voting rights since the last filing. No encumbrance (pledge/lien) details were involved, and no convertible instruments were transacted.
This is a notable promoter-group sell-off of over 6% of the company's equity, which may signal reduced promoter confidence or portfolio rebalancing. Shareholders should monitor further disclosures closely, as continued selling could weaken promoter influence and potentially weigh on the stock price in the short term.