SOLEXNSESolex Energy LimitedMediumNeutral
Announced Fri, 17 Apr · 11:49 IST

Solex Energy Limited has informed the Exchange about Share Purchase Agreement between the existing shareholders being the promoters of the company

Promoter Stake BuyOwnership Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹1289.00
prior close
₹1292.00
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AI summary

Solex Energy announced that 12 Share Purchase Agreements (SPAs) were signed on April 17, 2026, for the inter se transfer of equity shares among existing promoters of the company. Dr. Chetan Shah is acquiring a total of about 7.61% of shares from multiple promoters, including 2.49% from Mr. Pukhraj Agrawal, 1.20% from Mr. Piyush Chandak, 1.05% from Mr. Arunkumar Patodia, 0.96% from Mrs. Sunita Patodia, 0.95% from Mr. Narayan Patodia, 0.54% from Mrs. Kavitadevi Kailashchandra Chandak, 0.29% from Mr. Krishna Patodia, and 0.13% from Mrs. Kavita Piyush Chandak. Mrs. Sapna Shah is acquiring about 7.60% from four other promoters, including 2.65% from Mr. Kailashchandra Chandak, 2.49% from Mrs. Bhavana Agrawal, 1.63% from Mr. Krishna Patodia, and 0.83% from Mrs. Shikha Patodia. The transfers are part of an internal realignment within the promoter group, and the company confirmed there is no impact on business operations or financial position.

Likely market impact

This is a reshuffling of ownership within the existing promoter group, so overall promoter shareholding in the company remains unchanged. It signals a consolidation of stake in the hands of Dr. Chetan Shah and Mrs. Sapna Shah, but should not directly affect the stock price or minority shareholders.