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, along with persons acting in concert (Sneha Lunkad, Rushankss Lunkad and Riddhi Lunkad), has disclosed the acquisition of 9,836 equity shares (0.16%) of Shivansh Finserve Ltd through open market on September 8, 2025. With this purchase, their total holding in the company has risen from 10,51,721 shares (16.85%) to 10,61,557 shares (17.01%) of the equity capital. The disclosure confirms the acquirer is not part of the promoter/promoter group of the company. The trigger for disclosure under Regulation 29(2) was the holding crossing the 17% mark of the paid-up capital of Rs. 6.24 crore (62,40,000 equity shares of Rs. 10 each).
This is a small, gradual open-market purchase by a non-promoter group that has now crossed the 17% disclosure threshold. While the immediate impact on stock price is likely minimal given the tiny acquisition size, investors should note that an external non-promoter entity is steadily building a sizeable stake, which could indicate rising interest in the company or future strategic intent.