Kreon Financial Services Limited has submitted a disclosure to BSE Limited regarding a substantial acquisition of shares in Shivansh Finserve Limited. The filing, dated May 5, 2026, confirms that the acquirer has crossed the 5% shareholding threshold in the target company. The transaction was executed in compliance with Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Details of the Acquisition

The disclosure outlines the specific details of the share purchase made by Kreon Financial Services Limited. The acquirer, who does not belong to the promoter or promoter group of the target company, acquired shares through the open market mechanism. The acquisition involved equity shares that rank pari-passu to the existing shares of the company.

The following table summarizes the shareholding changes before and after the acquisition:

Capital Structure and Key Dates

According to the filing, the equity share capital and total voting capital of Shivansh Finserve Limited remained unchanged at Rs. 6,24,00,000, comprising 62,40,000 Equity Shares of Rs. 10 each. The total diluted share/voting capital also remained at Rs. 6,24,00,000 following the acquisition.

The following table presents the capital structure details of Shivansh Finserve Limited as disclosed in the filing:

The critical date for the acquisition, on which the 5% holding threshold was crossed, was recorded as April 30, 2026. The disclosure was formally signed and submitted by Jaijash Tatia, Chairman and Managing Director of Kreon Financial Services Limited, on May 5, 2026.

Shivansh Finserve Limited has submitted a regulatory disclosure to BSE Limited confirming that the company does not qualify as a "Large Corporate" under the Securities and Exchange Board of India (SEBI) framework. The disclosure, dated April 17, 2026, addresses compliance requirements related to fund raising through debt securities issuance.

Regulatory Framework Details

The disclosure references two key SEBI circulars that establish the framework for large corporate classification:

These circulars establish the regulatory framework governing how large entities can raise funds through debt securities in the Indian capital markets.

Company Classification Status

Shivansh Finserve Limited has formally confirmed its status under the SEBI framework. The company, formerly known as Mansarovar Financial Services Limited, has declared that it does not meet the criteria to be classified as a "Large Corporate" under the specified regulatory guidelines.

Disclosure Authorization

The regulatory communication was authorized and signed by Mr. Rajesh Fojaji Karwasara, Director of Shivansh Finserve Limited. The disclosure has been submitted to BSE Limited's Corporate Relations Department for official record maintenance.

This disclosure ensures compliance with SEBI's transparency requirements and provides clarity to investors and regulatory authorities regarding the company's classification status under the debt securities framework.