The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nishant Parshottambhai Gevariya
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Awaiting price reaction for this filing.
Promoter Nishant Parshottambhai Gevariya has filed two open-market sale disclosures under SEBI SAST Regulations. On 22 August 2025, he sold 1,00,000 shares (2.16%), reducing his holding from 4.32% to 2.16%. On 26 August 2025, he sold another 1,00,000 shares (2.16%), bringing his holding to zero. In total, he has exited his entire 4.32% stake (2,00,000 shares) in Kanungo Financiers Ltd through open-market transactions. The company's total equity capital remains unchanged at Rs. 4.63 crore divided into 46,34,000 equity shares of Rs. 10 each.
A promoter fully exiting his stake is generally a negative signal for retail investors, as it removes insider confidence and can exert downward pressure on the stock. However, the traded volumes are small (about 4.32% in aggregate), so the immediate price impact may be limited.