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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Awaiting price reaction for this filing.
Sanjeev Lunkad along with persons acting in concert (Sneha Lunkad, Rushank SS Lunkad, and Riddhi Lunkad) sold 42,624 equity shares of Shivansh Finserve Ltd in the open market on 7 October 2025. This reduced their combined holding from 11.34% (707,659 shares) to 10.66% (665,035 shares), a decline of 0.68%. The acquirer has confirmed that he does not belong to the promoter or promoter group of the company. The filing was made as the holding crossed below the 11% threshold, triggering disclosure requirements under SAST Regulations.
This is a relatively small sale (0.68% of capital) by a non-promoter shareholder and is unlikely to have a material impact on the stock price. However, it signals that a sizeable non-promoter holder is gradually trimming his position, which retail investors may want to monitor for further selling.