Aditya Vision Limited , a company listed on both BSE Ltd. and NSE Ltd., has announced significant changes in its leadership and shareholding structure. Nishant Prabhakar has been appointed as Promoter & Whole Time Director of the company, marking a notable shift in the organization's top management.

Shareholding Adjustment

In a move that coincided with his appointment, Prabhakar engaged in a share transaction that resulted in a reduction of his overall stake in the company. The details of the transaction are as follows:

• Acquisition: Prabhakar acquired 1,086,900 shares, representing 0.84% of the company's total equity, through open market purchases.
• Divestment: Concurrently, Prabhakar's total shareholding decreased from 7,980,000 shares to 6,893,100 shares.
• Net Position: Following these transactions, Prabhakar's ownership in Aditya Vision Limited reduced from 6.20% to 5.36% of the company's total equity capital.

Transaction Details

The share transaction was completed on September 3, as disclosed in the company's filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made to both BSE Limited and the National Stock Exchange of India Limited on September 4.

Company Overview

Aditya Vision Limited has a total equity capital comprising 128,663,050 shares, each with a face value of Re. 1.

Regulatory Compliance

The company has duly informed the stock exchanges about this change in shareholding pattern, adhering to the transparency norms set by the Securities and Exchange Board of India (SEBI). This disclosure ensures that all stakeholders and potential investors have access to up-to-date information about significant changes in the company's ownership structure.

Nishant Prabhakar's appointment as Promoter & Whole Time Director, coupled with the adjustment in his shareholding, may signal a new phase for Aditya Vision Limited.

Aditya Vision , a Bihar-based consumer electronics retailer, saw significant insider selling and institutional buying amidst the release of its mixed quarterly results. The company's shares closed at ₹459.40, down 6.2% for the day, following these developments.

Major Stake Sale by Chairman

Yashovardhan Sinha, Chairman and Managing Director of Aditya Vision, executed a substantial stake sale, offloading 5.1% of the company's shares valued at approximately ₹300 crore. The transaction involved selling 32.6 lakh shares each on both the BSE and NSE, at average prices of ₹460.37 and ₹461.04 respectively.

Institutional Interest

The stake sale attracted notable institutional buyers:

• Axis Mutual Fund acquired 14 lakh shares for ₹64.4 crore
• Motilal Oswal Mutual Fund purchased 8.6 lakh shares

Despite the significant sale, Sinha remains the largest promoter shareholder, retaining a 32.6% stake in the company.

Q4 Financial Performance

Aditya Vision reported mixed results for the quarter:

The company's same-store sales growth declined significantly, dropping to -4% from a positive 21% in the same quarter last year. However, both net profit and revenue showed modest growth.

Expansion Plans

Aditya Vision continues to focus on expansion:

• Opened 4 new stores in the recent quarter
• Plans to add 25-30 more stores
• Aims to reach a total of 182 locations

Analyst Outlook

Despite recent underperformance, the stock maintains a positive outlook among analysts:

• All seven Bloomberg-tracked analysts maintain 'Buy' ratings
• Consensus target price stands at ₹530.00

The company's expansion plans and analyst confidence suggest potential for future growth, despite the mixed quarterly results and the recent insider selling.