The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanjeev Lunkad & PACs
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On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 3.9 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sanjeev Lunkad, along with Persons Acting in Concert (Sneha Lunkad, Rushank SS Lunkad, and Riddhi Lunkad), sold 20,000 equity shares of Shivansh Finserve Ltd in the open market on 18 September 2025. This sale represented 0.32% of the company's total share capital (which stands at 62.40 lakh equity shares of Rs 10 each). Their collective holding dropped from 17.14% (10,69,383 shares) to 16.82% (10,49,383 shares), triggering the disclosure as the holding fell below 17%. The filing explicitly clarifies that the acquirer does NOT belong to the promoter or promoter group. The shares are listed on BSE.
Since the seller is not a promoter and the sale size is small (only 0.32% of capital), this is unlikely to materially affect stock price or shareholder sentiment. It is a routine SAST compliance disclosure by a non-promoter shareholder.