Ramesh Sawalram Saraogi, the Acquirer, has disclosed an increase in his aggregate shareholding in Advit Jewels Limited. Following an acquisition of 3,25,000 equity shares on October 19, 2026, his total holding, along with Persons Acting in Concert (PACs), rose to 33,25,000 equity shares. This represents 7.2582% of the total share/voting capital of the Target Company, Advit Jewels Limited.
Shareholding Increase in Advit Jewels
Ramesh Sawalram Saraogi, acting as the Acquirer, has submitted a disclosure regarding an increase in his substantial shareholding in Advit Jewels Limited. This disclosure is made pursuant to Regulation 29(2) and 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of Acquisition
The aggregate shareholding of the Acquirer, together with Persons Acting in Concert (PACs), has increased from 6.5488% to 7.2582% of the total share/voting capital of Advit Jewels Limited. Specifically, a further acquisition of 3,25,000 equity shares was made by Ramesh Sawalram Saraogi himself through the open market on October 19, 2026. This brings the aggregate post-acquisition holding to 33,25,000 equity shares, representing 7.2582% of the total voting capital.
Acquirer and PAC Details
Prior to this latest acquisition, the combined shareholding stood at 30,00,000 shares, held by Navratri Share Trading Private Limited (21,00,000 shares) and Ramesh Sawalram Saraogi (9,00,000 shares). Post-acquisition, Ramesh Sawalram Saraogi holds 12,25,000 shares, while Navratri Share Trading Private Limited holds 21,00,000 shares, summing up to 33,25,000 shares in total.
Company Information
The Target Company is ADVIT JEWELS LIMITED. The shares are listed on both BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). The equity share capital of the company, both before and after the acquisition, comprises 4,58,10,000 equity shares of Rs. 10/- each, totaling Rs. 45,81,00,000/-.
Source: BSE
