Evexia Lifecare promoter group acquires 66.25 lakh shares in open market

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Reviewed by
Suketu GScanX News Team
Key Highlights
  • Shree Saibaba Exim Private Limited acquired 66,25,997 equity shares in open market
  • Promoter group holding rises from 6.794% to 7.147% of total share capital
  • Transaction executed on September 30, 2026, disclosed on October 1, 2026
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Evexia Lifecare Limited saw its promoter group increase its stake following an open market purchase of 66,25,997 equity shares. The transaction was executed by Shree Saibaba Exim Private Limited on September 30, 2026.

This acquisition raises the promoter group's holding to 13,41,75,824 shares, representing 7.147% of the company's total voting capital. Prior to this transaction, the holding stood at 12,75,49,827 shares, or 6.794% of the total share capital.

Transaction details

The disclosure was filed under Regulation 7(2)(a) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The trade was conducted entirely through the open market mechanism on the BSE.

Metric Pre-transaction Post-transaction Change
Shares held 12,75,49,827 13,41,75,824 +66,25,997
Percentage holding 6.794% 7.147% +0.353%

The company's total equity share capital remained unchanged at 187,73,28,995 shares with a face value of ₹1 each. There were no encumbrances, warrants, or convertible securities involved in this specific transaction.

What the numbers show

The incremental purchase of 66,25,997 shares represents a 0.352% addition to the total share capital. This modest but consistent accumulation by a promoter group entity signals continued confidence in the stock at current valuation levels. The shift from 6.794% to 7.147% marks a crossing of the 7% threshold for this specific entity, although it remains below the 5% substantial acquisition threshold that triggers more frequent public disclosures, indicating this is likely part of ongoing portfolio management rather than a sudden strategic takeover attempt.

The disclosure was signed by Artiben Jayeshbhai Thakkar, Director of Shree Saibaba Exim Private Limited, and intimated to the company on October 1, 2026.

Historical Stock Returns for Evexia Lifecar

1 Day5 Days1 Month6 Months1 Year5 Years
+4.69%+7.49%+36.73%+279.25%-1.95%-70.22%

Will the promoter group's continued accumulation push their stake past the 10% threshold, triggering mandatory open offer requirements under SEBI takeover regulations?

How does Shree Saibaba Exim Private Limited's increasing influence within the promoter group impact Evexia Lifecare's upcoming corporate governance decisions and board composition?

What specific operational or financial milestones is Evexia Lifecare targeting to justify the promoter group's sustained buying interest at current valuation levels?

Evexia Lifecare holds 35th AGM, seeks approval for related party deals

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Reviewed by
Naman SScanX News Team
Key Highlights
  • Evexia Lifecare held its 35th AGM on September 30, 2026, via video conferencing
  • Shareholders approved re-appointment of director Hasmukhbhai Dhanjibhai Thakkar
  • Company sought approvals for material related party transactions with eight entities
  • Voting results to be declared within two working days of the meeting conclusion
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Evexia Lifecare Limited held its 35th Annual General Meeting on September 30, 2026. The company sought shareholder approval for material related party transactions with eight entities during the virtual session.

The meeting was conducted through video conferencing and other audio-visual means, adhering to guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. A total of 46 members attended the proceedings, which commenced at 12:30 pm and concluded at 3:15 pm. Jayesh Raichandbhai Thakkar, Managing Director and Chairperson, presided over the meeting.

Key Agenda Items

The Board of Directors placed several items before the shareholders for approval through remote e-voting. These included the adoption of audited financial statements for FY26 and the re-appointment of a director retiring by rotation.

A significant portion of the agenda focused on approving material related party transactions. The company sought ordinary resolutions to approve dealings with the following entities:

  • Kavir Edible Oil Limited
  • Kavir Cable Private Limited
  • Evexia Lifecare Africa Limited
  • Diponed Research International Private Limited
  • Diponed Bio Private Limited
  • Vittals Medicare Private Limited
  • Evexia PAN Africa Limited
  • Heemsol Energy System Private Limited

Governance and Attendance

The following directors and key managerial personnel were present at the meeting:

Name Designation
Jayesh Raichandbhai Thakkar Executive Director-Chairperson-MD
Krupalibahen Rajeshbhai Mehta Non-Executive Independent Director
Kartik Kumar Bakulchandra Mistry Non-Executive Independent Director
Mohammadraza Makrani Non-Executive Independent Director
Hasmukhbhai Dhanjibhai Thakkar Non-Executive Non-Independent Director
Parth Patel Non-Executive Independent Director
Bhavesh Desai Chief Financial Officer

Brajesh Gupta served as the Secretarial Auditor and Scrutinizer, while Tejas Soni attended as the Statutory Auditor. The Chairman confirmed that the requisite quorum was present to conduct the proceedings.

Voting and Results

Shareholders were provided the facility to cast votes electronically on all resolutions set forth in the notice. Members present at the AGM who had not voted remotely were given an opportunity to vote electronically during the meeting.

The consolidated results of the remote e-voting and e-voting at the AGM are scheduled to be announced within two working days from the conclusion of the meeting. These results will be displayed at the registered office and disseminated on the company's website and NSDL platform.

Historical Stock Returns for Evexia Lifecar

1 Day5 Days1 Month6 Months1 Year5 Years
+4.69%+7.49%+36.73%+279.25%-1.95%-70.22%

How will the approved related party transactions with Kavir Edible Oil and Diponed Research impact Evexia Lifecare's operational costs and profit margins in FY27?

What strategic synergies are expected from the expanded dealings with Evexia Lifecare Africa and Evexia PAN Africa, and how might this influence the company's international revenue growth?

Given the low attendance of only 46 members, what measures will the board implement to improve shareholder engagement and voting participation in future AGMs?

More News on Evexia Lifecar

1 Year Returns:-1.95%