Advit Jewels Limited promoter Abhishek Gilara acquired 16.98% of the company's total equity share capital through an inter-se transfer on October 16, 2026. The transaction involved the receipt of 77,78,430 equity shares with a face value of ₹10 each from fellow promoter Vipul Gilara.

The acquisition was conducted off-market in the nature of a gift without consideration, qualifying as an inter-se transfer among promoters under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Consequently, the aggregate holding of the Promoters and Promoter Group remains unchanged before and after the transaction.

Stakeholding changes

Prior to this transaction, Abhishek Gilara held no shares in the company. Following the acquisition, his holding increased to 77,78,430 shares, equivalent to 16.98% of the total diluted share/voting capital. Conversely, Vipul Gilara's holding decreased from 34.38% to 17.40% as detailed in his separate disclosure filed under Regulation 29(2).

Transaction details

The total issued and paid-up equity share capital of Advit Jewels remained unchanged at ₹45,81,00,000, comprising 45,81,00,00 fully paid-up equity shares of ₹10 each. The transfer did not involve any warrants, convertible securities, or encumbrances such as pledges or liens.

Abhishek Gilara submitted the disclosure to both the BSE and National Stock Exchange of India on October 19, 2026. The document was digitally signed by the acquirer in Jaipur, Rajasthan. The filing confirms that the mode of acquisition was an inter-se promoter transfer via gift, with no consideration involved.

Advit Jewels will host an investor and analyst meeting in Jaipur on October 24, 2026. The event will feature physical factory visits and one-to-one meetings scheduled from 12:00 noon to 4:00 pm.

The company disclosed the schedule under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting aims to engage with stakeholders through direct interaction at the corporate premises.

Meeting details

The session will be conducted physically at the company's location in Jaipur. Discussions are restricted to publicly available information. No unpublished price sensitive information (UPSI) is intended to be discussed during the meeting.

The company stated that the meeting provides an opportunity for investors to understand operations firsthand through the factory visit component. This format allows for direct engagement with management representatives alongside structured discussions.