In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2025, we herewith inform you that Ms. Purnima Ashwin Desai, one the Promoters of Aether Industries Limited (the Company ), pursuant to her notice dated May 12, 2025 and letter dated May 15, 2025 has informed the Company that she has sold 89,79,173 equity shares of the Company having face value of ₹ 10 each, (representing 6.77% of the total issued and paid-up equity share capital of the Company) on May 13, 2025 and May 14, 2025, through an offer for sale mechanism, as annexed.
AETHER · price
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Promoter Ms. Purnima Ashwin Desai has sold 89,79,173 equity shares of Aether Industries, representing 6.77% of the company's total paid-up share capital, through an Offer for Sale (OFS) on May 13 and May 14, 2025. The floor price for the OFS was set at ₹700 per share, with DAM Capital Advisors, JM Financial Services and UBS Securities acting as the selling brokers. As a result of this sale, total promoter and promoter group shareholding in the company has come down from 81.77% to 74.99%. The OFS was carried out to help the company meet the minimum public shareholding requirement mandated under SEBI rules and the Securities Contracts (Regulation) Rules.
This is a significant promoter share sale, with public shareholding expected to rise meaningfully as the company moves toward compliance with minimum public shareholding norms. While the increased float can improve liquidity, the large block of shares coming to market at a floor price of ₹700 may create short-term supply pressure on the stock.