Silverstone Consultancy Boosts Stake in Tavernier Resources to 6.93%

1 min read     Updated on 31 Oct 2025, 01:51 PM
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Reviewed by
Shriram SScanX News Team
Overview

Silverstone Consultancy Services Private Limited has increased its shareholding in Tavernier Resources Limited through an open market transaction on October 30, 2025. The company acquired 100,000 additional shares, representing 1.67% of Tavernier's total share capital. This acquisition raised Silverstone's stake from 5.26% (314,900 shares) to 6.93% (414,900 shares). Tavernier Resources has a total equity share capital of Rs. 5,97,90,000, divided into 59,79,000 fully paid equity shares with a face value of Rs. 10 each. The transaction was disclosed in compliance with SEBI regulations.

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

Tavernier Resources Limited has seen an increase in its shareholding by Silverstone Consultancy Services Private Limited through a significant open market transaction. The move, which took place on October 30, 2025, saw Silverstone acquire an additional 100,000 shares of Tavernier Resources, representing 1.67% of the company's total share capital.

Transaction Details

Aspect Before Acquisition Acquisition After Acquisition
Shares Held 314,900 100,000 414,900
Stake Percentage 5.26% 1.67% 6.93%

The acquisition has notably altered Silverstone's position in Tavernier Resources. Prior to this transaction, Silverstone held 314,900 shares, equating to a 5.26% stake in the company. Following the purchase, their total shareholding has increased to 414,900 shares, raising their overall stake to 6.93%.

Company Information

Tavernier Resources Limited has a total equity share capital of Rs. 5,97,90,000. This capital is divided into 59,79,000 fully paid equity shares, each with a face value of Rs. 10.

Acquisition Details

  • Mode of Acquisition: Open Market
  • Date of Acquisition: October 30, 2025
  • Acquirer: Silverstone Consultancy Services Private Limited
  • Acquirer's Status: Non-Promoter

It's worth noting that Silverstone Consultancy Services Private Limited does not belong to the promoter or promoter group of Tavernier Resources Limited. The company, headquartered in Mumbai, has made this acquisition as an independent entity.

Regulatory Compliance

This disclosure has been made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Such disclosures are crucial for maintaining transparency in the stock market and keeping shareholders informed about significant changes in ownership patterns.

The transaction underscores the dynamic nature of corporate shareholding in Tavernier Resources. However, the long-term implications of this stake increase will depend on various factors including the company's performance and market conditions.

Historical Stock Returns for Tavernier Resources

1 Day5 Days1 Month6 Months1 Year5 Years
+5.12%+13.49%-4.83%+6.15%+59.65%+704.20%

Eforu Entertainment Limited Issues Postal Ballot Notice for Name Change Ratification

2 min read     Updated on 28 Oct 2025, 08:16 PM
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Reviewed by
Riya DScanX News Team
Overview

Eforu Entertainment Limited (formerly Tavernier Resources Limited) has issued a postal ballot notice for shareholder ratification of its name change resolution. The e-voting period runs from December 13, 2025 to January 11, 2026. This ratification is required due to regulatory compliance under SEBI LODR Regulations, as the earlier resolution lacked the mandatory PCA certificate. BSE issued in-principle approval on October 14, 2025, and the revised PCA certificate confirms 100% revenue compliance from new activities.

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

Eforu Entertainment Limited , formerly known as Tavernier Resources Limited, has issued a postal ballot notice seeking shareholder ratification of its earlier name change resolution. The company, listed on BSE under scrip code 531190, is conducting this exercise to ensure full compliance with SEBI regulations.

Postal Ballot Details

The company has issued a postal ballot notice to all shareholders for ratification of the name change resolution. The key details of the postal ballot process are:

Parameter: Details
Notice Date: December 11, 2025
Cut-off Date: December 05, 2025
E-voting Commencement: December 13, 2025 at 9:00 AM
E-voting End: January 11, 2026 at 5:00 PM
Result Declaration: Within 2 working days of voting conclusion

Regulatory Compliance Requirements

The postal ballot seeks ratification of the special resolution passed on September 19, 2025, approving the name change from Tavernier Resources Limited to Eforu Entertainment Limited. The ratification has become necessary due to regulatory compliance requirements under SEBI (LODR) Regulations, 2015.

Under Regulation 45 of SEBI LODR Regulations, a listed entity must obtain a certificate from a Practicing Chartered Accountant (PCA) confirming compliance with prescribed conditions for name change. While the earlier resolution was passed by shareholders, the required PCA certificate was inadvertently not attached to the explanatory statement.

BSE In-Principle Approval

BSE Limited issued an In-Principle Approval Letter on October 14, 2025, advising the company to re-submit the matter for shareholder ratification along with the requisite PCA certificate. The revised certificate has now been obtained and forms an integral part of the current postal ballot notice.

PCA Certificate Compliance

The revised PCA certificate confirms compliance with the following conditions under Regulation 45(1):

Condition: Compliance Status
Time Period: More than one year elapsed from last name change
Revenue Requirement: 100% revenue from new activity (₹27.23 lakhs)
Investment Condition: Not applicable as revenue condition met

Updated Corporate Information

The company's updated registered office details are:

Contact Type: Details
Registered Office: A37, Capital Commercial Centre, Near Sanyas Ashram, Opp Townhall, Ashram Road, Ahmedabad, Gujarat, 380009
Contact Number: +919558674210
Email: infoe4uindia@gmail.com
Website: www.tavernier.in
CIN: L59111GJ1994PLC170267

Scrutinizer Appointment

The Board of Directors has appointed Mr. Nayan Prafulbhai Pitroda, Proprietor of M/s. Pitroda Nayan Co. (Membership No. A58473, Certificate of Practice No. 23912), Company Secretary, as the Scrutinizer for the postal ballot process.

The postal ballot notice has been sent electronically to all shareholders whose email addresses are registered with the company, depositories, or registrar and transfer agents. Shareholders are advised to participate in the e-voting process to ratify the name change resolution and ensure regulatory compliance.

Historical Stock Returns for Tavernier Resources

1 Day5 Days1 Month6 Months1 Year5 Years
+5.12%+13.49%-4.83%+6.15%+59.65%+704.20%

More News on Tavernier Resources

1 Year Returns:+59.65%