The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Karnawat
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hitesh Karnawat, a promoter of Shashwat Furnishing Solutions Ltd (BSE SME, scrip code 543519), sold 21,000 equity shares (1.00% of total share capital) in the open market on August 13, 2025. Before the sale, he held 13,33,350 shares (63.86%); after the sale, his holding stands at 13,12,350 shares (62.86%). The equity share capital remains unchanged at Rs. 2.08 crore divided into 20,88,000 equity shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations.
This is a minor stake reduction by the promoter, bringing his holding from 63.86% to 62.86% — still well above the 50% threshold with comfortable headroom. Small open-market sales of this size (about 1%) are unlikely to materially impact stock price, but retail investors may note continued trimming by promoter on the lightly-traded BSE SME platform.