The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vanitaben Parshottambhai Gevariya
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Awaiting price reaction for this filing.
Vanitaben Parshottambhai Gevariya, a member of the promoter/promoter group of Kanungo Financiers Ltd, sold shares in the open market on two consecutive days — 28 August 2025 and 29 August 2025. On 28 August, she sold 100,000 shares (2.16% of paid-up capital), taking her holding from 150,000 shares (3.24%) down to 50,000 shares (1.08%). On 29 August, she sold the remaining 50,000 shares (1.08%), bringing her holding to zero. In total, she offloaded 150,000 equity shares (3.24%) via open market transactions across two days, fully exiting her position in the company.
A complete exit by a promoter-group member in the open market is a negative signal and may weigh on short-term sentiment. Retail investors should watch for further promoter-group disclosures, as the cumulative promoter holding of Kanungo Financiers has clearly reduced.