Ramesh Sawalram Saraogi, along with persons acting in concert, has disclosed an increase in their aggregate shareholding in Advit Jewels Limited. The shareholding has risen from 7.2582% to 7.8585% of the total share capital. This follows an open market acquisition of 2,75,000 equity shares, bringing the total post-acquisition holding to 36,00,000 equity shares.
Advit Jewels Shareholding Update
Ramesh Sawalram Saraogi, identified as the acquirer, has filed a disclosure regarding a change in his aggregate shareholding in Advit Jewels Limited. This update, submitted under SEBI regulations, highlights an increase in his stake, along with any persons acting in concert, from 7.2582% to 7.8585% of the total issued and outstanding equity share capital of the target company. The disclosure follows a previous update on 27th October 2026.
Acquisition Details
The increased shareholding is a result of further acquisition of equity shares made by Ramesh Sawalram Saraogi directly through the open market. Specifically, an additional 2,75,000 equity shares were purchased. Post this transaction, the total aggregate holding by the acquirer and persons acting in concert now stands at 36,00,000 equity shares, representing 7.8585% of the total share/voting capital. The acquisition was conducted on 29/10/2026 and 30/10/2026.
Breakdown of Shareholding
Before the recent acquisition, the total shareholding of 33,25,000 shares represented 7.2582% of the total share capital. This was comprised of 12,25,000 shares held by Ramesh Sawalram Saraogi and 21,00,000 shares held by Navratri Share Trading Private Limited (PAC). After the acquisition of 2,75,000 shares by Ramesh Sawalram Saraogi, the total post-acquisition holding is 36,00,000 shares. This is broken down into 15,00,000 shares held by Ramesh Sawalram Saraogi (3.2744%) and 21,00,000 shares held by Navratri Share Trading Private Limited (4.5841%). The total equity share capital of Advit Jewels Limited is 4,58,10,000 equity shares, valued at Rs. 10/- each, amounting to Rs. 45,81,00,000/-.
Source: BSE
