Company Disclosures
Advait Energy Transitions Limited (formerly Advait Infratech Limited) has submitted regulatory disclosures to BSE Limited and National Stock Exchange of India Limited regarding a proposed share acquisition by its promoter.
Transaction Details
- Acquirer: Mr. Shalin Sheth, Promoter of Advait Energy Transitions Limited
- Seller: Mrs. Rejal Shalin Sheth (spouse of acquirer, immediate relative)
- Number of Shares: 10,00,000 (Ten Lakh) fully paid-up equity shares of ₹10 each
- Percentage of Share Capital: 9.14%
- Transaction Type: Inter-se transfer pursuant to gift
- Transaction Mode: Off-market transaction
- Proposed Date: On or after June 15, 2026
- Consideration: Nil (gift transfer)
Regulatory Exemption
The transaction qualifies for exemption from making an open offer under Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which covers inter-se transfers among promoters.
Shareholding Impact
Pre-Transaction Holding:
- Shalin Sheth: 56,02,500 shares (51.20% of total share capital)
Post-Transaction Holding:
- Shalin Sheth: 66,02,500 shares (60.34% of total share capital)
- The acquisition represents an increase of 9.14 percentage points in promoter holding
Declarations and Compliance
The acquirer has declared that:
1. All conditions specified under Regulation 10(1)(a) for exemptions have been duly complied with
2. The acquisition price (being nil for gift transfer) is not higher than 25% of the computed price (not applicable)
3. Applicable disclosure requirements under Chapter V of the Takeover Regulations have been/will be complied with
Additional Information
The disclosure includes digital signatures from both Shalin Sheth (acquirer) and Deepa Fernandes (Company Secretary), dated June 9, 2026. The transaction is structured as a gift transfer between immediate relatives who are both promoters of the company.