The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kedar D. Borgaonkar
SANGHVIMOV · price
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Kedar D. Borgaonkar, along with persons acting in concert (family members and a related securities entity), filed a disclosure under SEBI's takeover regulations. The acquirer is not part of the promoter group. Through open market purchases on April 1, 2, 11, and 15, 2025, they bought 31,060 shares (0.03% of share capital). This raised their combined holding from 60,39,218 shares (6.97%) to 60,70,278 shares (7.00%) of Sanghvi Movers. No encumbrance or pledge activity was reported. The acquisition was made in small tranches ranging from 500 to 25,000 shares per day.
This is a routine regulatory disclosure for a small incremental open market purchase by a non-promoter shareholder. The stake increase is minimal (0.03%) and is unlikely to have any material impact on share price or control of Sanghvi Movers.