The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kreon Financial Services Ltd
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Kreon Financial Services Limited, a non-promoter entity, has disclosed acquisition of 6,828 equity shares (0.58%) of Kairosoft AI Solutions Ltd through open market purchase on May 13, 2026. This acquisition increased their holding from 4.96% to 5.54%, crossing the statutory 5% threshold that triggers SAST disclosure requirements. The total holding after acquisition stands at 65,545 shares (5.54%) of the company's equity capital of 11,82,956 shares. Kreon Financial Services is not part of the promoter or promoter group of the target company.
This is a notable development as a non-promoter entity has crossed the 5% threshold, which typically signals potential interest in further accumulation and may indicate future strategic intentions. Shareholders should monitor for additional filings as the acquirer approaches higher thresholds.