Shashwat Furnishing Solutions files SEBI Reg 29(2) disclosure for Hitesh Karnawat
The company disclosed a substantial share acquisition by Hitesh Karnawat, filing under SEBI's takeover regulations on 30 June 2026.
What Shashwat Furnishing Solutions announced
On 30 June 2026, Shashwat Furnishing Solutions Ltd filed a disclosure with the Bombay Stock Exchange under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing relates to an acquisition of shares by Hitesh Karnawat. No further narrative was provided in the filing beyond the regulatory statement.
Details of the Reg 29(2) filing
Regulation 29(2) requires any person who acquires, directly or indirectly, a shareholding that exceeds 5% of the voting power of a listed entity to disclose the acquisition to the stock exchange within two working days. The filing confirms that Karnawat’s shareholding has crossed this threshold, triggering the mandatory disclosure. The PDF attached to the filing does not contain specific figures such as the number of shares acquired, the percentage of total equity, or the consideration paid.
"The Exchange has received the disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 for Hitesh Karnawat."
Key facts at a glance
| Detail | Value |
|---|---|
| Company | Shashwat Furnishing Solutions Ltd |
| BSE Scrip Code | 543519 |
| Filing date | 30 June 2026 (05:34:28 UTC) |
| Regulation invoked | SEBI (SAST) Reg. 29(2) |
| Person acquiring shares | Hitesh Karnawat |
| Disclosure type | Substantial acquisition of shares |
| Shareholding percentage disclosed | Not disclosed in filing |
| Source PDF | https://www.bseindia.com/xml-data/corpfiling/AttachLive/4657544E_9347_4159_9D10_54F2F48C6660_110424.pdf |
Why this matters for investors
The filing signals that a new significant shareholder has entered the capital structure of Shashwat Furnishing Solutions. While the exact size of the stake is not disclosed, the regulatory trigger indicates a holding of at least 5% of voting rights. Such a development can affect voting dynamics, board composition, and future strategic decisions. Investors should monitor any subsequent announcements that may detail the purpose of the acquisition, any proposed changes to corporate governance, or further share transactions by the same party.
Conclusion
Shashwat Furnishing Solutions has complied with SEBI’s takeover rules by reporting Hitesh Karnawat’s substantial share acquisition on 30 June 2026. The filing confirms the crossing of the 5% ownership threshold but does not provide quantitative details. Stakeholders will need to await any additional disclosures that may clarify the size and intent of the stake.
Frequently asked questions
Source filing: view original