Saraogi PAC raises Advit Jewels stake to 5.24% with 3.45 lakh share buy
- Ramesh Sawalram Saraogi and PAC Navratri Share Trading raised stake in Advit Jewels to 5.24%
- Group acquired 3,45,000 equity shares via open market on September 18, 2026
- Post-acquisition holding stands at 24,00,000 shares, up from 20,55,000 shares
- Transaction disclosed under SEBI (SAST) Regulations 2011
*this image is generated using AI for illustrative purposes only.
Ramesh Sawalram Saraogi and his person acting in concert (PAC), Navratri Share Trading Private Limited, increased their holding in Advit Jewels to 5.24% following an open market acquisition of 3,45,000 equity shares on September 18, 2026.
The transaction was disclosed pursuant to Regulation 29(1) read with Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers are not part of the promoter group.
Acquisition Details
The acquisition was executed entirely through Navratri Share Trading Private Limited. Prior to this purchase, the group held 20,55,000 shares, representing 4.49% of the total voting capital. The additional purchase of 3,45,000 shares added 0.75% to their stake.
| Metric | Pre-Acquisition | Acquired | Post-Acquisition |
|---|---|---|---|
| Shares Held | 20,55,000 | 3,45,000 | 24,00,000 |
| Stake (%) | 4.49% | 0.75% | 5.24% |
The post-acquisition shareholding is split between Ramesh Sawalram Saraogi (5,00,000 shares or 1.09%) and Navratri Share Trading Private Limited (19,00,000 shares or 4.15%). Note: Precise percentages are 1.0915% and 4.1475% respectively.
Capital Structure Context
Advit Jewels has a total equity share capital of ₹45.81 crore, comprising 4,58,10,000 equity shares of face value ₹10 each. The acquisition did not alter the company’s total voting capital or diluted share capital.
No encumbrances, warrants, or convertible securities were involved in the transaction. The shares acquired carry full voting rights.
Historical Stock Returns for Advit Jewels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.45% | +10.24% | +55.22% | +184.82% | +184.82% | +184.82% |
Will Ramesh Sawalram Saraogi and Navratri Share Trading Private Limited continue to accumulate shares in Advit Jewels to approach the 5% disclosure threshold or the 25% open offer trigger?
How might this increased institutional interest impact Advit Jewels' stock liquidity and short-term price volatility in the coming trading sessions?
Given that the acquirers are not part of the promoter group, is there a potential for future corporate governance changes or board representation requests?
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