StockWatch
·
Cables - Electricals
Shareholding10 Jul 2026, 08:00 pm

Advait Energy Transitions: Promoter Share Transfer via Gift

AI Summary

Advait Energy Transitions Ltd has received a report under SEBI SAST Regulations regarding an inter-se transfer of equity shares. Promoter Shalin Sheth acquired 10,00,000 shares (9.14% holding) from Rejal Sheth (spouse) as a gift on June 16, 2026. This transaction is considered an off-market, inter-se transfer among the promoter group and is claimed to be exempt under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. The aggregate shareholding of the promoter and promoter group remains unchanged post-transfer. The company has filed the report with SEBI and relevant stock exchanges, along with payment of applicable fees.

Key Highlights

  • Promoter Shalin Sheth received 10,00,000 shares as a gift.
  • Transaction is an inter-se transfer within the promoter group.
  • Exempted under SEBI SAST Regulations 10(1)(a)(ii).
  • Aggregate promoter group holding remains unchanged.
  • Report filed with SEBI and stock exchanges.