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 Code: 543519), has sold 1,500 equity shares in the open market on February 3, 2026. His stake reduced marginally from 53.51% (11,17,350 shares) to 53.44% (11,15,850 shares), a decline of just 0.07%. The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011, which is mandatory when there is a change in shareholding or voting rights. The company has a small equity base of 20.88 lakh shares of Rs. 10 each. This is a routine, very small sale by the promoter.
The impact on shareholders is negligible — the promoter remains firmly in control above 53% and the sale is too small (0.07%) to affect stock price or signal any meaningful change in promoter sentiment. Investors should note it only as a regulatory disclosure.