The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for AV AC DC Renew Pvt Ltd
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Promoter entity AV AC DC Renew Private Limited bought 17,235 equity shares of Ampvolts Ltd (formerly Quest Softech India) in the open market on March 28, 2025. This is a small acquisition worth 0.06% of the company's share capital. As a result, the promoter's total holding increased from 1,41,88,043 shares (54.57%) to 1,42,05,278 shares (54.63%). The disclosure was filed under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, confirming the promoter group's continued majority control of the company. The mode of acquisition was open market purchase on the BSE.
The promoter is reinforcing its controlling stake with a modest open-market purchase, which is generally viewed as a positive confidence signal. However, the tiny size (0.06%) means limited material impact on stock price or ownership dynamics — the promoter already holds a clear majority above 54%.