NewsOrders & DealsKarnavati Finance Limited Promoters Plan Share Acquisition Under SEBI Regulation 29Karnavati Finance Limited Promoters Plan Share Acquisition Under SEBI Regulation 29
Three promoters of Karnavati Finance Limited have filed SEBI disclosures to acquire additional equity shares through open market purchases between December 2025 and March 2026. Mr. Raman Pragjibhai Morzaria plans to increase his stake from 29.54% to 30.99%, Mr. Kush R Morzaria from 14.71% to 16.46%, and Mrs. Daxaben R Morzaria from 2.93% to 3.93%. The company's total equity capital stands at ₹10.05 crores with shares listed on BSE.
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Karnavati Finance Limited has received substantial acquisition disclosures from three of its promoters under SEBI Regulation 29(2), indicating planned share purchases through open market transactions. The disclosures reveal coordinated acquisition plans by the promoter group to increase their shareholding in the BSE-listed financial services company.
Promoter Acquisition Details
The three promoters have filed separate disclosures outlining their acquisition plans for the period from December 2025 to March 2026:
| Promoter | Current Holding | Shares to Acquire | Post-Acquisition Holding |
|---|---|---|---|
| Mr. Raman Pragjibhai Morzaria | 2,96,88,769 shares (29.54%) | 14,58,791 shares (1.45%) | 3,11,47,560 shares (30.99%) |
| Mr. Kush R Morzaria | 1,47,88,500 shares (14.71%) | 17,58,750 shares (1.75%) | 1,65,47,250 shares (16.46%) |
| Mrs. Daxaben R Morzaria | 29,40,000 shares (2.93%) | 10,05,000 shares (1.00%) | 39,45,000 shares (3.93%) |
Transaction Structure
All three promoters plan to execute their share acquisitions through open market purchases on the Bombay Stock Exchange (BSE), where Karnavati Finance Limited shares are listed. The acquisitions are proposed to be completed between December 2025 and March 2026, providing a four-month window for the transactions.
Company Capital Structure
Karnavati Finance Limited maintains a straightforward equity structure with the following parameters:
| Parameter | Details |
|---|---|
| Total Equity Capital | ₹10.05 crores |
| Number of Shares | 10.05 crore shares |
| Face Value per Share | ₹1.00 |
| Listing Exchange | Bombay Stock Exchange (BSE) |
The company's capital structure remains unchanged before and after the proposed acquisitions, with the total diluted share capital maintaining at ₹10.05 crores.
Regulatory Compliance
The disclosures have been filed in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically under Regulation 29(2). All three promoters have confirmed their status within the promoter group, with Mr. Raman Pragjibhai Morzaria identified as a promoter and the other two as promoter group members.
Current Holdings Analysis
Prior to the proposed acquisitions, the three promoters collectively hold significant stakes in the company. Mr. Raman Pragjibhai Morzaria holds the largest individual stake at 29.54%, followed by Mr. Kush R Morzaria at 14.71%, and Mrs. Daxaben R Morzaria at 2.93%. None of the promoters currently hold any encumbered shares, voting rights other than through equity shares, or convertible securities.
The planned acquisitions demonstrate the promoter group's confidence in the company's prospects and their commitment to maintaining strong control over the financial services entity. The open market purchase method indicates transparent price discovery for the additional stake acquisitions.
Historical Stock Returns for Karnavati Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.96% | +8.11% | +9.59% | -23.81% | -27.60% | -90.75% |
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