Company Disclosure: SEBI Takeover Regulation Filing
Transaction Details
- Acquirer: Abhishek Gilara (Promoter)
- Transferor: Vipul Gilara (Promoter)
- Number of Shares: 7,778,430 equity shares of ₹10 each
- Transaction Date: October 16, 2026
- Transaction Type: Gift transfer between immediate relatives (brothers)
- Consideration: Nil (no monetary consideration involved)
Regulatory Compliance Timeline
- Regulation 10(5) Filing: Submitted to National Stock Exchange of India Limited and BSE Limited on September 4, 2026 (at least 4 working days before proposed acquisition)
- Regulation 10(6) Filing: Submitted to National Stock Exchange of India Limited and BSE Limited on October 19, 2026 (within 4 working days after acquisition)
- Regulation 10(7) Filing: Submitted to SEBI on November 6, 2026 (within 21 working days from acquisition)
- SEBI Fee Payment: ₹177,000 (inclusive of 18% GST) paid via NEFT Reference No. 000000000748 dated November 6, 2026
Shareholding Impact
Acquirer (Abhishek Gilara) Holding:
- Pre-acquisition: 0 shares (0% of total share capital)
- Post-acquisition: 7,778,430 shares (16.979% of total share capital)
Transferor (Vipul Gilara) Holding:
- Pre-acquisition: 15,748,920 shares (34.38% of total share capital)
- Post-acquisition: 7,970,490 shares (17.40% of total share capital)
Relationship Details
- Acquirer and transferor are brothers and both are part of the promoter and promoter group of Advit Jewels Limited
- The transaction qualifies as between 'immediate relatives' as defined in Regulation 2(l) of SEBI Takeover Regulations
Regulatory Exemption Confirmation
The acquisition was made in reliance upon exemption provided under Regulation 10(1)(a)(i)(ii) of SEBI Takeover Regulations. The acquirer has declared that all conditions specified under this regulation have been duly complied with, including compliance with Chapter V provisions (Regulation 29(2) disclosures).