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 5.2 pts more than Nifty Microcap 250 and 4.8 pts more 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 PACs (Sneha Lunkad, Rushankss Lunkad, and Riddhi Lunkad) sold 30,126 equity shares of Shivansh Finserve Ltd in the open market on September 26, 2025. This reduced their combined holding from 815,496 shares (13.07%) to 785,370 shares (12.59%), a reduction of 0.48%. The disclosure was filed because the holding crossed below the 13% threshold. Importantly, the acquirer has explicitly stated that he does not belong to the promoter or promoter group of the company. The company's total equity share capital remains Rs. 6.24 crore (62,40,000 shares of Rs. 10 each).
This is a relatively small sale (0.48% of equity) by a non-promoter shareholder group, and is unlikely to have a material impact on the stock price. The transaction is a routine SAST compliance filing triggered by the holding dipping below 13%, and signals mild divestment by an existing public category shareholder.