Karnavati Finance Ltd has vide its letter dated December 30, 2025 informed the Exchange that the Company has received proposed Acquisition Plan from the Promoter and Promoter group of the Company.
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Three members of the promoter group have filed disclosures under SEBI Regulation 29(2) to acquire additional shares of Karnavati Finance Ltd through open market purchases between December 2025 and March 2026. Mr. Raman Pragjibhai Morzaria (promoter) plans to buy 14,58,791 shares (1.45%), raising his stake from 29.54% to 30.99%. Mr. Kush R Morzaria (promoter group) intends to acquire 17,58,750 shares (1.75%), lifting his holding from 14.71% to 16.46%. Mrs. Daxaben R Morzaria (promoter group) plans to buy 10,05,000 shares (1.00%), taking her stake from 2.93% to 3.93%. Collectively, the promoter group's holding will rise by about 4.2%, crossing the 50% mark to roughly 51.4%.
The promoter group's move to increase their stake signals confidence in the company and pushes their aggregate holding past 50%, giving promoters clear majority control. This reduces the free float available to public investors, which may lower trading liquidity for outside shareholders.