Naresh Gattani HUF, a member of the promoter group, acquired 1,69,500 equity shares of ATVO Enterprises on June 30, 2026, increasing its total shareholding to 2.80%. The acquisition was executed through the open market. Prior to this transaction, the entity held 28,27,400 shares, representing 2.64% of the company's equity share capital. Following the purchase, the total holding stands at 29,96,900 shares.

The disclosure was submitted to the company on July 2, 2026, by Naresh Kumar Gattani, the Karta of the HUF. The filing was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. ATVO Enterprises, formerly known as Vandana Knitwear Limited, informed BSE Limited regarding the change in shareholding on July 2, 2026.

Details of Acquisition

The following table outlines the change in shareholding disclosed under the SEBI regulations:

Persons Acting in Concert

The disclosure also identified Persons Acting in Concert (PAC) with the acquirer. The composite shareholding of the acquirer and PAC before the transaction was 5,97,03,006 shares (55.80%). Following the acquisition, the total composite holding increased to 5,98,72,506 shares (55.96%).

Atvo Enterprises paid a fine of ₹17,700 to BSE Limited for the delayed submission of its audited financial results for the quarter and year ended March 31, 2026. The penalty, comprising a basic fine of ₹15,000 and GST of ₹2,700, was levied as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026. The company remitted the amount on July 2, 2026, via NEFT to the exchange's virtual bank account.

The Board of Directors, in its meeting held on July 2, 2026, acknowledged the notice from BSE regarding the non-compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The delay was attributed to the late receipt of accounting information, which consequently postponed the finalisation of financial statements. The results were eventually submitted to the stock exchanges on June 4, 2026.

In its communication to the exchange, signed by Kirti Agarwal, Company Secretary & Compliance Officer, the Board noted that the fine has been paid. The Board has directed the management to strengthen internal compliance monitoring mechanisms to ensure timely adherence to all applicable provisions of the SEBI LODR Regulations and prevent recurrence of such instances.

Fine Payment Details

The company confirmed compliance with the payment requirement within the stipulated period to avoid further disciplinary action, including the freezing of promoter shareholding.