The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sarthak Vijlani & Others
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Awaiting price reaction for this filing.
Promoter Sarthak Vijlani, along with PACs Priyanka Vijlani and Navigant IR Services Private Limited, sold 1,30,000 equity shares (4.12% of total share capital) of Navigant Corporate Advisors Ltd through an open market sale on 01.06.2026. Post-sale, the promoter group's aggregate holding decreased from 12,67,750 shares (40.21%) to 11,37,750 shares (36.09%) of the company. The transaction was carried out at the prevailing market price and the disclosure was filed under SEBI's Takeover Regulations due to the change exceeding the 2% reporting threshold.
This is a notable promoter trimming of stake by over 4% in a single day, which may be viewed negatively by the market as it signals reduced promoter confidence or a need to exit. With promoter holding now at 36.09%, the stock may see short-term pressure, though the company continues to remain promoter-controlled.