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 543519), sold 4,500 equity shares in the open market on January 14, 2026. This represents 0.21% of the company's total share capital. After the sale, his holding stands at 12,34,350 shares or 59.12% of the company, down marginally from 59.33% earlier. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011. The company has a total equity share capital of ₹2.088 crore divided into 20.88 lakh shares of ₹10 each.
The sale is very small (0.21%) and the promoter continues to hold a dominant 59.12% stake well above the 50% threshold, so this is unlikely to materially affect share price or promoter control. Retail investors should note this is a routine regulatory disclosure of a minor open-market sale by a promoter.