Advit Jewels Limited saw a marginal increase in institutional interest as Ramesh Sawalram Saraogi, acting alongside Person Acting in Concert (PAC) Navratri Share Trading Private Limited, acquired 2,00,000 equity shares through the open market. This transaction, executed on September 18, 2026, raised their aggregate shareholding to 6.5488% of the company's total voting capital.

The disclosure was filed with BSE and NSE on October 19, 2026, under Regulation 29(2) read with Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition marks a continuation of accumulation following a prior disclosure on October 1, 2026.

Breakdown of Shareholding Changes

The total holding increased from 28,00,000 shares (6.1122%) to 30,00,000 shares (6.5488%). The acquisition was split between the acquirer and the PAC, with both entities contributing equally to the volume but differing in their individual percentage contributions due to existing base holdings.

Regulatory and Transaction Details

The shares were acquired through open market transactions, classified as equity shares carrying voting rights. Neither the acquirer nor the PAC belongs to the promoter or promoter group category. The target company’s equity share capital remained unchanged at 4,58,10,000 equity shares of ₹10 each, totaling ₹45,81,00,000, as no new shares were issued during this period.

No encumbrances, warrants, or convertible securities were involved in this specific transaction. The mode of acquisition was strictly open market purchase, distinct from preferential allotments or rights issues.

What the Numbers Show

While the absolute increase of 2,00,000 shares represents a modest 0.4366% rise in aggregate holding, the distribution reveals a strategic alignment. Both Ramesh Sawalram Saraogi and Navratri Share Trading Private Limited acquired exactly 1,00,000 shares each. Despite identical acquisition volumes, Navratri Share Trading holds a significantly larger portion of the combined stake (4.36% vs 1.75%) due to its higher pre-existing base of 21,00,000 shares. This indicates that the PAC remains the primary vehicle for this consolidated position, while the individual acquirer maintains a smaller, albeit growing, direct footprint.

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.