The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Kamawat
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Hitesh Karnawat, a promoter of Shashwat Furnishing Solutions Ltd, has sold 39,000 equity shares (1.87% of the company's share capital) in the open market on July 16, 2025. Before this sale, he held 13,72,350 shares (65.73%), and after the sale his holding stands at 13,33,350 shares (63.86%). The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations with BSE. The company's total equity share capital remains unchanged at Rs. 2,08,80,000 (20,88,000 shares of Rs. 10 each).
Despite the sale, the promoter remains firmly in control with over 63% stake, so there is no threat to management. However, a promoter trimming holdings in the open market can be viewed as a mild negative signal by retail investors regarding promoter confidence.