Parth Avinash Vora Discloses Sale of 1,94,573 Equity Shares in AVI Products India
Parth Avinash Vora, a promoter group member of AVI Products India Limited, has formally disclosed the complete divestment of his 5.88% equity holding comprising 1,94,573 shares through an open offer transaction. The sale was executed via Share Purchase Agreement on April 10, 2026, with regulatory disclosure filed under SEBI Regulation 29(2) on April 14, 2026.
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AVI Products India Limited has received formal disclosure from promoter group member Parth Avinash Vora regarding the complete divestment of his equity holdings. The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, documenting the transaction executed through an open offer.
Transaction Details
Parth Avinash Vora executed a complete sale of his equity holdings in AVI Products India Limited through a Share Purchase Agreement. The comprehensive transaction details are presented below:
| Parameter: | Details |
|---|---|
| Seller: | Parth Avinash Vora (Promoter Group Member) |
| Shares Sold: | 1,94,573 equity shares |
| Face Value: | ₹10 per share |
| Shareholding Percentage: | 5.88% |
| Transaction Date: | April 10, 2026 |
| Exchange: | BSE Limited |
| Mode of Sale: | Open Offer through Share Purchase Agreement |
| Disclosure Date: | April 14, 2026 |
Shareholding Impact Analysis
The transaction represents a complete exit by the promoter group member from AVI Products India Limited. The shareholding changes are detailed in the regulatory filing:
| Shareholding Status: | Number of Shares | Percentage |
|---|---|---|
| Before Transaction: | 1,94,573 | 5.88% |
| Shares Sold: | 1,94,573 | 5.88% |
| After Transaction: | 0 | 0% |
Company Capital Structure
According to the disclosure documentation, AVI Products India Limited maintains its equity share capital structure unchanged following this transaction. The company's total equity share capital remains at ₹3,30,68,020 divided into 33,06,802 equity shares of face value ₹10 each.
Regulatory Compliance
Vora submitted the mandatory disclosure from his Mumbai residence, ensuring compliance with SEBI regulations governing substantial acquisition and disposal of shares. The disclosure was addressed to BSE Limited and copied to the Company Secretary of AVI Products India Limited, maintaining transparency in accordance with regulatory requirements.
Contact Information
Parth Avinash Vora is contactable at 402, Aura, Sarojini Road Extension, Vile Parle West, Mumbai 400056. AVI Products India Limited operates from its registered office at 110 Manish Industrial Estate No. 4, Navghar, Vasai (East), Mumbai, Maharashtra, 401210.
Will the remaining promoter group members increase their stake to maintain control following this 5.88% divestment?
How might this promoter exit impact AVI Products India's strategic direction and corporate governance structure?
Could this open offer signal potential acquisition interest from external investors or competitors in the company?
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