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 24,000 equity shares through the open market on 8 January 2026. Before the sale, he held 12,95,850 shares representing 62.06% of the company's share capital; after the sale, his holding stands at 12,71,850 shares or 60.91%. The total share capital of the company remains unchanged at 20,88,000 equity shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, which is mandatory for any change in holdings exceeding 2% in a financial year for promoters, though promoters often file even for smaller changes.
This is a minor reduction in promoter holding of just 1.15%, which is relatively small and unlikely to materially affect stock price. However, continued open-market selling by promoters can be a cautious signal for retail investors to monitor.