The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanjeev Lunkad & PACs
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Sanjeev Lunkad, along with persons acting in concert (Sneha Lunkad, Rushankss Lunkad, and Riddhi Lunkad), has disclosed the acquisition of 1,503 equity shares of Kairosoft AI Solutions Ltd through open market purchase on 26 February 2026. This takes their combined holding from 82,123 shares (6.94%) to 83,626 shares (7.07%) of the company's equity capital. The acquirer explicitly stated they do not belong to the promoter or promoter group of the company. The company's total equity share capital stands at Rs. 1,18,29,560 comprising 11,82,956 equity shares of Rs. 10 each. The disclosure is being made because the 7% voting share threshold has been crossed, which is a mandatory reporting milestone under the takeover regulations.
This is a non-promoter creeping acquisition moving toward the 10% open market trigger threshold under SEBI Takeover Regulations. While the 1,503-share purchase is small in absolute terms, the continued accumulation by the Sanjeev Lunkad group could attract market attention about potential further buying interest. Shareholders should watch for any additional disclosures if holdings cross 10%, which could trigger a mandatory open offer requirement.