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 4.4 pts less than Nifty Microcap 250 and 4.8 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, Rushank SS Lunkad, and Riddhi Lunkad) sold 1,78,276 equity shares of Shivansh Finserve Ltd through open market transactions on 19 September 2025. The sale represents 2.86% of the total equity share capital. Their combined holding reduced from 10,49,383 shares (16.82%) to 8,71,107 shares (13.96%), taking their stake below the 15% disclosure threshold under SEBI Takeover Regulations. The acquirers are explicitly stated as not belonging to the promoter or promoter group of the company. The total equity share capital of the company remained unchanged at Rs. 6.24 crore (62,40,000 shares of Rs. 10 each).
A non-promoter entity offloading a 2.86% stake in the open market signals continued selling pressure from this shareholder group. With their holding now below 15%, they have more flexibility to sell further without triggering additional SAST disclosures, which could weigh on short-term sentiment for the stock.