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 (Snehal Lunkad, Rushanks Lunkad, and Riddhi Lunkad) sold 24,773 equity shares representing 0.40% of Shivansh Finserve Ltd through open market transactions on April 22, 2026. Following the sale, their combined holding reduced from 5.29% (3,30,389 shares) to 4.90% (3,05,616 shares) of the total equity capital of Rs 6.24 crore. The acquirer has clarified that he does not belong to the promoter/promoter group of the company. This disclosure under Regulation 29(2) was triggered because the holding crossed below the 5% threshold.
The sale by a non-promoter investor taking their stake below 5% may signal reduced confidence or profit-taking. This crossing of the 5% threshold is a regulatory disclosure requirement and typically indicates a smaller shareholder base participation in the company's equity going forward.