Kreon Financial Services Limited has reduced its stake in Shivansh Finserve to 4.75% following an open market sale of shares on August 12, 2026. The acquirer disposed of 26,898 equity shares, bringing its total holding down from 5.18% to 4.75% of the target company’s voting capital.

The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Kreon Financial, which is not part of the promoter group of Shivansh Finserve, executed the sale through open market transactions. The equity shares involved rank pari-passu with existing shares of the target company.

Transaction Details

Prior to the sale, Kreon Financial held 323,504 shares carrying voting rights, constituting 5.18% of the total share capital. Following the disposal of 26,898 shares (0.43%), the remaining holding stands at 296,606 shares.

Shivansh Finserve’s total equity share capital remains unchanged at ₹6.24 crore, comprising 62,40,000 equity shares of ₹10 each. There are no warrants, convertible securities, or other instruments entitling the acquirer to receive additional voting rights in the target company.

The disclosure was filed with the BSE Limited by Jaijash Tatia, Chairman and Managing Director of Kreon Financial Services Limited, on August 13, 2026.

Shivansh Finserve Limited has moved to expand its footprint through strategic acquisitions, with its Board of Directors granting in-principle approval on August 6, 2026, to evaluate buying equity stakes in Startech Infralogistics Private Limited (SIPL) and Peepal Mining and Logistics Private Limited (PMLPL). This initiative signals a shift toward inorganic growth, aiming to capture long-term business opportunities and create value for shareholders through diversified assets in infrastructure logistics and mining sectors.

The Board authorized senior management, including the Whole-Time Director and Chief Financial Officer, to initiate preliminary actions such as conducting due diligence, negotiating with stakeholders, and executing non-binding documents like term sheets. These steps are critical for assessing the strategic fit and financial viability of the targets before any final commitment is made.

Strategic Acquisition Details

The proposed transactions are currently at a preliminary evaluation stage. No final decisions have been taken regarding the number of equity shares, percentage of shareholding, consideration, or other commercial terms. The process will involve several key milestones:

Independent Registered Valuers, legal advisors, financial consultants, and secretarial professionals have been appointed to facilitate these processes. Their role is to ensure that the valuation and risk assessment are rigorous and compliant with regulatory standards.

Capital Structure and Borrowing Enhancements

To support these strategic moves and future expansion plans, the Board also accorded in-principle approval for three structural changes:

1. Alteration of Memorandum of Association: Amendments to the Capital Clause and Object Clause, including an increase in Authorized Share Capital, will be finalized after evaluating future business requirements.
2. Enhancement of Investment Limits: Revised limits for making investments, granting loans, and providing guarantees under Section 186 of the Companies Act, 2013, will be determined following a detailed financial assessment.
3. Enhancement of Borrowing Powers: Increased borrowing limits under Section 180(1)(c) of the Companies Act, 2013, will be finalized based on the company’s funding needs.

These proposals require subsequent Board approval and shareholder consent, along with necessary statutory clearances. The quantum of increases will be defined only after thorough analysis of the company’s strategic roadmap.

What the Numbers Show

While no financial figures were disclosed for the acquisitions, the decision to simultaneously review borrowing powers and investment limits indicates a preparedness to deploy significant capital. This coordinated approach suggests that Shivansh Finserve is positioning itself to act quickly once due diligence confirms the viability of SIPL and PMLPL as accretive investments.