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.
Promoter Hitesh Karnawat has sold 22,500 equity shares of Shashwat Furnishing Solutions Ltd in the open market on 16th January 2026. The sale represents about 1.08% of the company's total share capital (1.07% on a diluted basis). After the sale, his stake has come down from 12,34,350 shares (59.12%) to 12,11,850 shares (58.04%), a reduction of roughly 1.08 percentage points. The company is listed on BSE SME and has a total equity share capital of Rs. 2.08 crore divided into 20,88,000 shares of Rs. 10 each.
Open market sale by a promoter is generally seen as a soft negative signal and may weigh on short-term sentiment, though the promoter still holds 58% so there is no control risk. Investors should watch for any follow-up sales that could push the stake closer to the 50% mark or below.