Advait Energy Transitions transfers 1 million shares (9.14%) within promoter group
On June 16, 2026, promoter Shalin Sheth received 1,000,000 shares (9.14% of paid‑up capital) from Rejal Sheth as a gift, reported under SEBI SAST Regulation 10(7).
What Advait Energy Transitions announced
On 10 July 2026 the company filed a Report under Regulation 10(7) of the SEBI Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. The filing informs the stock exchanges that an inter‑se transfer of 1,000,000 equity shares (equivalent to 9.14 % of the paid‑up share capital) was effected on 16 June 2026. The transfer was a gift from Ms. Rejal Sheth (spouse of the promoter) to Mr. Shalin Sheth, a promoter of the company.
The transaction is an off‑market transfer among members of the promoter group and is claimed to be exempt from the usual SAST thresholds under Regulation 10(1)(a)(ii). The aggregate shareholding of the promoter group remains unchanged after the transfer.
"The aggregate shareholding of the Promoter and Promoter Group pre and post inter‑se transfer remains the same." – Advait Energy Transitions filing, 10 July 2026
Details of the share transfer
- Transferor: Rejal Sheth (spouse of promoter)
- Transferee/Acquirer: Shalin Sheth (promoter)
- Number of shares transferred: 1,000,000 (Ten Lakhs)
- Percentage of paid‑up capital: 9.14 %
- Date of transaction: 16 June 2026
- Nature of transfer: Gift, off‑market, inter‑se (within promoter group)
- Exemption claimed: Regulation 10(1)(a)(ii) of the SEBI SAST Regulations, which allows transfers among promoters without triggering a takeover code requirement.
The filing also notes that the fees payable to SEBI for the filing were Rs 1,50,000 plus GST of Rs 27,000, totalling Rs 1,77,000, remitted on 4 July 2026 via internet banking (reference DICI53L1OQJY20).
Regulatory compliance timeline
| Event | Date filed | Regulation invoked |
|---|---|---|
| Prior intimation (Reg 10‑5) | 9 June 2026 | Disclosure of intent to transfer |
| Post‑acquisition report (Reg 10‑6) | 19 June 2026 | Confirmation of transfer |
| Disclosure under Reg 29‑2 | 18 June 2026 | Shareholding pattern update |
| Final report (Reg 10‑7) | 10 July 2026 | Detailed report of the exempt transfer |
| Fee payment to SEBI | 4 July 2026 | Payment of filing fees |
All filings were made within the statutory windows prescribed by the SEBI SAST Regulations. The final Reg 10‑7 report was submitted to both BSE and NSE as required.
Key facts at a glance
| Detail | Value |
|---|---|
| Company | Advait Energy Transitions Ltd (formerly Advait Infratech Ltd) |
| BSE ticker | 543230 |
| Transaction type | Inter‑se promoter gift transfer |
| Shares transferred | 1,000,000 |
| % of paid‑up capital | 9.14 % |
| Transfer date | 16 June 2026 |
| Exemption clause | Reg 10(1)(a)(ii) SEBI SAST Regulations |
| Filing date | 10 July 2026 |
| SEBI filing fee | Rs 1,77,000 (incl. GST) |
| Source | BSE filing (PDF) |
Why this matters for investors
The transfer does not alter the overall promoter holding in Advait Energy Transitions, as the shares moved within the same promoter family. Consequently, there is no dilution of existing shareholders’ equity and no change in control dynamics. However, the filing provides transparency required under SEBI’s takeover code, confirming that the transaction complies with the exemption provisions. Investors can note that the company is adhering to regulatory timelines, which reduces the risk of non‑compliance penalties.
Conclusion
Advait Energy Transitions has formally reported a promoter‑to‑promoter share transfer of 1 million shares (9.14 % of equity) that is exempt under SEBI SAST rules. The transaction leaves the aggregate promoter holding unchanged and was disclosed in accordance with all applicable SEBI regulations. No further shareholder approvals are required, and the filing completes the regulatory process for this specific share movement.
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Source filing: view original