AJAdvit Jewels544803Promoter stake buy

Promoter acquires 16.979% stake via inter-se transfer by way of gift

Promoter Abhishek Gilara has acquired 7,778,430 equity shares of Advit Jewels Ltd from fellow promoter Vipul Gilara.

By ScoutQuest · Wed 21 Oct 2026, 10:17 AM IST · 1 min read

Shares Acquired

7,778,430 equity shares

Stake Acquired (% of diluted capital)

16.979%

Shareholding Change

Acquirer 0 to 16.979%; transferor 34.38% to 17.40%

What was disclosed

• Promoter Abhishek Gilara acquired 7,778,430 equity shares of Advit Jewels Ltd from Vipul Gilara.
• The route was an inter-se transfer amongst promoter/promoter group by way of gift, and the update gives this as the rationale for the transaction.
• The shares acquired equal 16.979% of the diluted share capital of the company.
• On price, the update states "Not Applicable since the transfer was by way of gift."

Shareholding before and after

• Acquirer (Abhishek Gilara): 0 shares (0%) before the transaction; 7,778,430 shares (16.979%) after it.
• Transferor (Vipul Gilara): 15,748,920 shares (34.38%) before the transaction; 7,970,490 shares (17.40%) after it.
• The number of shares moving out of the transferor's holding matches the number the acquirer receives, so the total promoter holding stays within the same group.

Why an open offer is not required

• The acquirer is relying on the exemption in Regulation 10(1)(a)(i)(ii) of the SEBI (SAST) Regulations, 2011, which covers inter-se transfers amongst promoters, and has reported the acquisition under Regulation 10(6).
• A prior intimation under Regulation 10(5) was required, and the update says it was made within the timeline, on 04.09.2026.
• The date of acquisition is stated as 16th October 2026.

How to read this

• Ownership of a block of shares shifts from one promoter to another promoter; the shares move within the same promoter group rather than to an outside buyer.
• Because it is a gift, there is no purchase price to compare with the market price.
• The post-transaction picture shows two promoter holdings, at 17.40% for the transferor and 16.979% for the acquirer, based on the diluted share capital figures given in the update.

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