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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On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 3.7 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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A group of acquirers acting in concert — Eswara Rao Nandam, Uma Nandam, Vishaal Nandam, and Ajaraya Business Corporation — bought 67.91 lakh additional equity shares of Hit Kit Global Solutions Ltd through market purchase on 02 March 2026. This takes their combined holding from about 9.64% (51.95 lakh shares) to 22.24% (119.87 lakh shares), an increase of 12.60% in voting rights. The company has no identified promoter, so this is essentially a new block of shareholders building a substantial stake. The transaction was carried out on the BSE, and the acquirers have stated their total holding now crosses the 22% mark in a single shot via open market purchases.
For retail investors, this signals a significant new shareholder group accumulating a large stake, and their holding at 22.24% is now just under the 25% open-offer trigger threshold under takeover rules — further buying could lead to a mandatory open offer to all shareholders.