The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Kawa
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Hitesh Natwarlal Kawa, along with persons acting in concert (Roopal Hitesh Kawa and Hitesh N Kawa HUF), filed a SAST disclosure for KS Smart Technologies Ltd. No actual shares were bought or sold. Their combined holding remained unchanged at 1,00,00,000 equity shares, but their ownership percentage dropped from 8.66% to 6.09% of the total share capital. The decline is purely passive and was caused by the company issuing new equity shares (allotment dated 31st March 2026). The paid-up capital rose from Rs. 115.47 crore (11.55 crore shares) to Rs. 164.07 crore (16.41 crore shares). The acquirer is not part of the promoter/promoter group.
This is a passive, technical disclosure and not a sell-off event. The number of shares held is unchanged, so existing shareholders' absolute stake is not affected. However, the dilutive allotment means each existing holder's percentage ownership has reduced, which is mildly negative on a per-share basis for non-participating shareholders.