StockWatch
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Cables - Electricals
Shareholding9 Jun 2026, 06:33 pm

Advait Energy Promoter Shalin Sheth to acquire 9.14% via gift

AI Summary

Advait Energy Transitions Ltd announced that its promoter, Mr. Shalin Sheth, will acquire 10,00,000 equity shares, representing 9.14% of the company's capital, from his spouse, Mrs. Rejal Shalin Sheth. This acquisition will be an inter-se transfer by way of gift, conducted off-market, on or after June 15, 2026. The transaction is exempt from open offer requirements under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011. Post-acquisition, Mr. Sheth's shareholding will increase from 51.20% to 60.34%, while Mrs. Sheth's will decrease from 14.88% to 5.74%.

Key Highlights

  • Promoter Shalin Sheth to acquire 10 Lakh shares (9.14%) from spouse.
  • Transaction is an inter-se transfer by way of gift, off-market.
  • Acquisition planned on or after June 15, 2026.
  • Exempt from open offer under SEBI (SAST) Regulations.
  • Promoter's stake to rise to 60.34% post-acquisition.