Piyush Chandak has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
SOLEX · price
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Solex Energy Limited has filed a disclosure for an inter-se transfer of 45,250 equity shares (4.42% of diluted share capital) among its promoters, executed on June 27, 2025 at ₹900 per share. The seller is promoter Shakuntala Mulchand Shah, and the buyers are four other promoters — Kailashchandra Chandak, Piyush Chandak, Kavitadevi Chandak, and Arunkumar Patodia. The transaction qualifies for exemption from open offer under Regulation 10(1)(a)(xii), as all parties have been classified as promoters for over three years. Post-transaction, the acquirers' collective promoter holding rose slightly from 6.56% to 6.99%, while the seller's stake dropped from 3.19% to 2.77%.
This is a routine internal reshuffling within the promoter group and does not change overall promoter control or trigger any open offer obligation. Shareholders should see no material impact on the stock from this transfer, as the total promoter ownership remains virtually unchanged.