The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lalit Kumar Karnawat
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Lalit Kumar Karnawat, Promoter and Director of Shashwat Furnishing Solutions Ltd (BSE SME), sold 33,000 equity shares in the open market on January 14, 2026. Before the sale, he held 49,750 shares (2.38% of the company), which dropped to 16,750 shares (0.80%) after the transaction. The total share capital of the company is Rs. 2.088 crore, divided into 20.88 lakh equity shares of Rs. 10 each. The promoter reduced his stake by approximately 1.58 percentage points, offloading about two-thirds of his earlier holding.
This is a notable promoter exit signal — the selling promoter cut his stake by over 66% in a single transaction, which may be viewed negatively by retail investors as it reduces insider confidence. With post-sale holding at just 0.80%, the promoter's influence in the company is now minimal.