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 4.5 pts less than Nifty Microcap 250 and 4.2 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, Rushanks Lunkad, and Riddhi Lunkad), sold 101,280 equity shares (1.62% of the capital) of Shivansh Finserve Ltd through open market transactions on November 28, 2025. Their combined holding dropped from 502,750 shares (8.06%) to 401,470 shares (6.44%). The disclosure was filed because their holding fell below the 7% threshold, and they explicitly confirmed they are not part of the promoter/promoter group. The company's total equity share capital remains unchanged at Rs. 6.24 crore (62.40 lakh shares of Rs. 10 each).
This is a non-promoter shareholder steadily trimming their stake and now sitting closer to the 5% creeping acquisition threshold, which could mean further selling pressure ahead. For retail investors, it's a mild negative signal as a sizable holder is exiting, but the impact is limited since they are not promoters and the company is small-cap with low free-float sensitivity.