StockWatch
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Gems, Jewellery And Watches
Shareholding6 Nov 2026, 03:39 pm

Advit Jewels: Promoter Inter-se Transfer of 77.78 Lakh Shares

AI Summary

Advit Jewels Limited has filed a disclosure regarding an inter-se transfer of 7,778,430 equity shares (valued at Nil as it was a gift) within the promoter group. Abhishek Gilara acquired these shares from Vipul Gilara, increasing Abhishek Gilara's shareholding to 16.979%. The transaction was completed on October 16, 2026, and all necessary regulatory filings with SEBI and stock exchanges have been made. Applicable fees have also been paid.

Key Highlights

  • Promoter Abhishek Gilara acquired 77.78 lakh shares from Vipul Gilara.
  • Transaction is an inter-se transfer within the promoter group.
  • Acquirer's stake increased to 16.979% post-transfer.
  • No acquisition price as it was a gift between related promoters.
  • All SEBI takeover regulations and filing requirements were met.