The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Karnawat
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Hitesh Karnawat, a promoter of Shashwat Furnishing Solutions Ltd (BSE SME, scrip 543519), has sold 48,000 equity shares in the open market on 2 February 2026. This is a 2.30% reduction in his stake, taking his holding from 55.81% (11,65,350 shares) to 53.51% (11,17,350 shares). The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations. The total share capital of the company remains unchanged at 20,88,000 equity shares of Rs. 10 each.
Despite the sale, the promoter continues to hold a majority stake of 53.51%, so control of the company remains intact. The open-market sale by a promoter may be viewed as a mild negative signal by some investors, though the reduction is modest and the price was not disclosed.