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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Awaiting price reaction for this filing.
Hitesh Karnawat, a promoter of Shashwat Furnishing Solutions Ltd, sold 6,000 equity shares in the open market on 29 January 2026. The sale reduced his holding from 11,74,350 shares (56.24%) to 11,68,350 shares (55.95%) of the company, representing a 0.29% reduction in stake. The company is listed on the BSE SME platform with a total equity share capital of Rs. 20.88 lakh (20,88,000 shares of Rs. 10 each). The sale was disclosed under Regulation 29(2) of SEBI Takeover Regulations.
This is a small promoter sale (well below 1%), so it is unlikely to materially affect the stock price. However, it indicates mild profit-booking by the promoter, though his holding remains comfortably above 50%, keeping promoter control intact.