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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Awaiting price reaction for this filing.
Sanjeev Lunkad, along with Persons Acting in Concert (Sneha Lunkad, Rushankss Lunkad, Riddhi Lunkad), has sold 98,028 equity shares (1.57%) of Shivansh Finserve Ltd in the open market on 03 November 2025. Their combined holding fell from 10.43% (650,728 shares) to 8.86% (552,700 shares), crossing below the 9% mark. The acquirer is not part of the promoter/promoter group, and no encumbrance (pledge/lien) is involved. The transaction was disclosed under Regulation 29(2) of SEBI's Takeover Regulations due to the holding dropping below the 10% disclosure threshold.
A non-promoter shareholder reducing their stake below 10% could signal mild negative sentiment, but since the seller is not a promoter, the impact on shareholder confidence is limited. Small-cap, low-float stocks like Shivansh Finserve can see short-term price pressure from such open-market sales.