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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Sanjeev Lunkad (acquirer) along with Persons Acting in Concert (Snehal Lunkad, Rushankss Lunkad, and Riddhi Lunkad) sold 24,773 equity shares of Shivansh Finserve Ltd through open market transaction on April 22, 2026. This sale reduced their total holding from 330,389 shares (5.29%) to 305,616 shares (4.90%), crossing below the 5% threshold. The acquirer is explicitly stated as NOT belonging to the Promoter/Promoter group. Total share capital of the company is Rs. 6.24 crore (62,40,000 equity shares of Rs. 10 each). The transaction was disclosed on April 27, 2026.
The holding falling below 5% triggers additional disclosure requirements under SAST regulations, but since the seller is a non-promoter, this is less significant for corporate control implications. The sale represents only 0.40% of total capital.