Thrive Future acquires 12.59% stake in 1908 E-Ventures

1 min read     Updated on 26 May 2026, 11:03 PM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

Thrive Future Habitats Limited is proceeding with the acquisition of a 30.31% stake in its subsidiary, 1908 E-Ventures Private Limited, for a total consideration of ₹18,249.07. The company has recently credited 7,57,578 equity shares, representing 12.59% of the paid-up capital, acquired from Srinivas Padmanabha Sapalya for ₹7,575.78. With 15,18,738 shares already credited, the remaining shares are expected to be credited by December 31, 2026, to make the subsidiary wholly owned. 1908 E-Ventures reported a turnover of Nil and a net loss of (252.42) lakhs for FY25.

powered bylight_fuzz_icon
40848297

*this image is generated using AI for illustrative purposes only.

Thrive Future Habitats Limited has acquired an additional 12.59% equity stake in its subsidiary, 1908 E-Ventures Private Limited, for a cash consideration of ₹7,575.78. The board of directors of 1908 E-Ventures approved the transfer of 7,57,578 equity shares on May 13, 2026, which have now been credited to the company's demat account. This transaction is part of a larger strategy to acquire a total 30.31% stake in the subsidiary for ₹18,249.07, aiming to make it a wholly owned subsidiary to ensure effective management control and operational integration.

Acquisition Progress

The company disclosed that out of the total targeted 18,24,907 equity shares, 15,18,738 shares have been credited to its demat account so far. The remaining shares are expected to be credited within the timeline of December 31, 2026. The acquisition is being conducted via cash consideration and does not qualify as a related party transaction for the specific shares acquired from Srinivas Padmanabha Sapalya.

Share Transfer Details

The recent acquisition of 7,57,578 shares was sourced from a single transferor. The breakdown of the credited shares is as follows:

Name of Transferors No. of Shares Percentage
Srinivas Padmanabha Sapalya 7,57,578 12.59%
Total 7,57,578 12.59%

Financial Performance

1908 E-Ventures Private Limited, incorporated on August 8, 2015, operates in the e-commerce and online retail sector. For the financial year ended March 31, 2025, the entity reported a turnover of Nil and a net loss of (252.42) lakhs. The turnover for the previous financial years was ₹157.62 lakhs in 2023-24 and ₹642.96 lakhs in 2022-23.

Historical Stock Returns for Thrive Future Habitats

1 Day5 Days1 Month6 Months1 Year5 Years
-0.05%-7.76%-18.53%-8.81%+34.85%+6.35%

How does Thrive Future Habitats plan to turn around the declining financial performance of 1908 E-Ventures?

What specific operational synergies does the parent company expect to achieve once the subsidiary becomes wholly owned?

Will the cash outlay for the remaining stake impact the liquidity or capital expenditure plans of the parent company?

like17
dislike

Thrive Future Habitats Limited Opens Special Window for Physical Share Transfer and Dematerialisation

1 min read     Updated on 19 Apr 2026, 12:52 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Thrive Future Habitats Limited has reopened a special window for physical share transfer and dematerialisation until February 04, 2027, following SEBI circular dated January 30, 2026. The facility is available to investors who purchased shares before April 01, 2019, and either never lodged them for transfer or had previous transfer requests rejected due to documentation issues. Only requests with original share certificates and proper documentation will be processed.

powered bylight_fuzz_icon
38085745

*this image is generated using AI for illustrative purposes only.

Thrive Future Habitats Limited (formerly known as Ador Multiproducts Limited) has announced the reopening of a special window for transfer and dematerialisation of physical shares, providing eligible investors an opportunity to complete previously incomplete share transfer processes.

Special Window Details

The special window will remain open until February 04, 2027, as per SEBI Circular No. HO/38/13/11(2)/2026-MIRSD-POD/13750/2026 dated January 30, 2026. This facility targets investors who purchased physical shares of the company prior to April 01, 2019, and fall into specific categories.

Parameter: Details
Window Closure Date: February 04, 2027
SEBI Circular Reference: HO/38/13/11(2)/2026-MIRSD-POD/13750/2026
Circular Date: January 30, 2026
Advertisement Date: April 18, 2026

Eligibility Criteria

The special window is available to investors who had purchased physical shares prior to April 01, 2019, and either:

  • Had not lodged the shares for transfer, or
  • Had lodged the shares for transfer, but the same were rejected, returned, or not attended to due to deficiencies in documentation

Applicability Matrix

The company has provided a detailed matrix to clarify eligibility for the special window:

Lodged for transfer before April 01, 2019: Is the Original Share Certificate available with the Investor?: Whether eligible to lodge in the Special Window?:
No - it is fresh lodgement Yes Yes
Yes, but was rejected/returned earlier Yes Yes
Yes, was lodged No No
No, was not lodged No No

Documentation Requirements

Only requests accompanied by original share certificates along with transfer deeds and other supporting documents as mentioned in the SEBI Circular will be considered under the special window. The company emphasizes that original documentation is mandatory for processing requests through this facility.

Contact Information

For queries regarding the procedure and documentation, investors can contact:

Regulatory Compliance

The announcement was made through newspaper advertisements published on April 18, 2026, in Business Standard (English Edition) and Mumbai Lakshadweep (Regional language - Marathi), in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Managing Director Vinay Kumar Singh (DIN: 06497700).

Historical Stock Returns for Thrive Future Habitats

1 Day5 Days1 Month6 Months1 Year5 Years
-0.05%-7.76%-18.53%-8.81%+34.85%+6.35%

Will SEBI extend similar special windows for other companies facing physical share transfer backlogs beyond 2027?

How might the completion of pending share transfers impact Thrive Future Habitats' shareholder base and trading liquidity?

What regulatory changes could SEBI implement to prevent future accumulation of unprocessed physical share transfers?

like18
dislike

More News on Thrive Future Habitats

1 Year Returns:+34.85%