Advit Jewels Limited has informed exchanges about an inter-se transfer of 7,778,430 equity shares. The transaction involved Abhishek Gilara and Vipul Gilara, both identified as part of the Promoter and Promoter Group and belonging to the same family. This report is filed under Regulation 10(7) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, detailing a shift in shareholding that does not trigger an open offer.
Shareholding Update from Advit Jewels
Advit Jewels Limited has officially communicated a significant shareholding adjustment within its promoter group. The company has submitted a report under Regulation 10(7) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, detailing an inter-se transfer of 7,778,430 equity shares. These shares, each with a face value of ₹10, were transferred on October 16, 2026.
Key Parties and Transaction Details
The transaction involved Abhishek Gilara as the acquirer and transferee, and Vipul Gilara as the transferor. Both individuals are recognized as part of the Promoter and Promoter Group and belong to the same family, indicating that this transfer is an internal reshuffling of holdings rather than an external acquisition.
Regulatory Compliance
The report confirms that previous filings, including those under Regulation 10(5) and 10(6), were made with the National Stock Exchange of India Limited and BSE Limited on September 4, 2026, and October 19, 2026, respectively. A requisite fee of ₹177,000, inclusive of 18% GST, was paid via NEFT on November 6, 2026.
Shareholding Changes
Following the transfer, Abhishek Gilara’s shareholding in Advit Jewels increased to 7,778,430 shares, representing 16.979% of the total share capital. Conversely, Vipul Gilara’s shareholding decreased to 7,970,490 shares, accounting for 17.40% of the total share capital. Prior to the transaction, Abhishek Gilara held 0 shares, while Vipul Gilara held 15,748,920 shares, constituting 34.38% of the total share capital.
Source: BSE
