Advait Energy Transitions Limited announced a realignment of shareholding among its promoters, Shalin Sheth and Rejal Sheth, via an off-market transaction. The disclosure, submitted to BSE Limited and National Stock Exchange of India Limited, details the transfer of 1,000,000 shares on June 16, 2026. Following the transaction, Shalin Sheth has increased his stake in the company, while Rejal Sheth has reduced her holding.

Transaction Details

The transfer involved the sale of shares by Rejal Sheth to Shalin Sheth. Both parties acted as promoters of the company during this transaction. The mode of acquisition was classified as off-market, impacting the voting rights distribution within the promoter group. The transaction was executed as an inter-se transfer of shares amongst promoters as a gift, with no consideration involved.

Shareholding Pattern

The table below outlines the changes in shareholding for both promoters before and after the transaction:

Regulatory Compliance

The disclosures were made in compliance with Regulation 10(1)(a)(i) and Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. An advance intimation was filed with the stock exchanges on June 9, 2026. The total equity share capital and total diluted share/voting capital of Advait Energy Transitions Limited remained constant at 1,09,43,011 shares before and after the acquisition. The company confirmed receipt of the necessary disclosures from the promoters on June 18, 2026.

Advait Energy Transitions Limited promoter Shalin Sheth will acquire a 9.14% equity stake in the company through an inter-se transfer from his spouse, Mrs. Rejal Sheth. The transaction involves the acquisition of 10,00,000 fully paid-up equity shares of ₹10 each via an off-market gift transaction scheduled on or after June 15, 2026. This transfer is exempt from making an open offer under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 10(1)(a)(iii) read with Regulation 10(5) of the SEBI SAST Regulations. The acquirer confirmed that the transferor and transferee have complied with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011. As the transfer is a gift, no consideration is involved, and the acquisition price is nil.

The proposed acquisition will alter the shareholding structure of the promoter group. Shalin Sheth's holding, along with Persons Acting in Concert (PACs) other than the sellers, will rise from 56,02,500 shares (51.20%) to 66,02,500 shares (60.34%). Conversely, the shareholding of the seller, Mrs. Rejal Sheth, will decrease from 16,28,179 shares (14.88%) to 6,28,179 shares (5.74%).

Shareholding Pattern

The rationale for the transfer is cited as an inter-se transfer by the promoter to an immediate relative. The acquirer has declared that all conditions specified under regulation 10(1)(a) regarding exemptions have been duly complied with.