Advait Energy Transitions Limited (ADVAIT) — Announcement Announcement
📢 Key Event
Promoter announces gift acquisition of 10 lakh shares from spouse
🔄 What Changed
Promoter stake increases to 60.34% from 51.20%
🔮 What's Next
Acquisition to occur on or after June 15, 2026
💡 Investor Takeaway
This share transfer between promoters does not affect overall ownership structure or require open offer obligations.
Advait Energy Transitions Limited disclosed that promoter Shalin Sheth plans to acquire 10 lakh equity shares of Rs 10 each from his spouse Rejal Sheth via an off-market gift transaction on or after June 15, 2026. This inter-se transfer between promoters is exempt from open offer requirements under SEBI SAST Regulations. The filing confirms compliance with all regulatory conditions and includes updated shareholding details showing promoter stake rising from 51.20% to 60.34%.
📄 View Original Announcement (PDF)
About Advait Energy Transitions Limited (ADVAIT)
Capital Goods · Electrical Equipment · Listed on NSE
Market Cap: ₹2,083.55 Cr
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.