The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Karnavat
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Awaiting price reaction for this filing.
Hitesh Karnawat, a promoter of Shashwat Furnishing Solutions Ltd, sold 7,500 equity shares in the open market on January 13, 2026. This reduced his holding from 12,46,350 shares (59.69%) to 12,38,850 shares (59.33%), a decrease of 0.36 percentage points. The total equity share capital of the company remains unchanged at ₹20.88 lakh divided into 20,88,000 shares of ₹10 each. The disclosure was filed under SEBI Regulation 29(2) of the Takeover Regulations, indicating cumulative promoter share changes have crossed the reporting threshold.
This is a small open-market sale by a promoter, with stake reducing marginally from 59.69% to 59.33%. The promoter remains comfortably above the 50% mark, so control is not at risk, and the size of the sale is minor — likely minor or no material impact on the stock price.