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, Rushankssi Lunkad, and Riddhi Lunkad) sold 37,259 equity shares representing 0.60% of Shivansh Finserve Ltd through open market transaction on April 15, 2026. Their holding reduced from 7.00% (4,36,827 shares) to 6.40% (3,99,568 shares) of the total capital. The acquirer has clarified that he does not belong to the Promoter/Promoter group. The transaction triggered disclosure under Regulation 29(2) as the holding went below the 7% threshold. Total share capital of the company is Rs.6,24,00,000 comprising 62,40,000 equity shares of Rs.10 each.
This is a sale by a non-promoter shareholder reducing their stake below 7%. While they remain above the 5% threshold, the disclosure indicates selling pressure from a significant shareholder. The sale of about 37,259 shares in open market may have mild negative sentiment for the stock, though the acquirer is not a promoter.