The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vinodkumar Bhayabhai Gevariya
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Awaiting price reaction for this filing.
Promoter group member Vinodkumar Bhayabhai Gevariya filed two disclosures under SEBI SAST Regulation 29(1) for open-market sales of Kanungo Financiers Ltd shares. On August 29, 2025, he sold 50,000 shares (1.08%), taking his holding from 2.16% to 1.08%. On September 1, 2025, he sold another 50,000 shares (1.08%), fully exiting his remaining stake. In total, he disposed of 1,00,000 equity shares (2.16% of the company's total share capital of Rs. 4.63 crore, divided into 46,34,000 shares of Rs. 10 each). After both transactions, his holding stands at nil.
While the absolute stake is small (2.16%), a complete exit by a promoter group member via open market can be read as a sign of weakening insider confidence. Retail investors should watch for further promoter stake changes and overall price/volume action, though the direct price impact on this thinly-held stock may be limited.