The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lalit Kumar Karnawat
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Lalit Kumar Karnawat, a Promoter and Director of Shashwat Furnishing Solutions Ltd, has sold 16,500 equity shares (0.79% of the company's share capital) on 16 January 2026 through a market transaction. His holding has dropped sharply from 16,750 shares (0.80%) to just 250 shares (0.01%) of the company. The disclosure was filed with BSE under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The company's total equity share capital remains unchanged at ₹2.08 crore divided into 20.88 lakh shares of ₹10 each, listed on the BSE SME platform (Scrip Code: 543519).
This represents a near-complete exit by the promoter from his personal holding, which could raise concerns about insider confidence in the stock. Retail investors should monitor for further promoter stake movements, as the disclosure itself suggests cumulative selling activity that crossed the regulatory reporting threshold.