The Advit Jewels stake disclosure published on BSE on October 5, 2026, reported that Ramesh Sawalram Saraogi and Navratri Share Trading Private Limited, his person acting in concert (PAC), held an aggregate 28 lakh equity shares, representing 6.11%, following an open-market acquisition of one lakh shares.

The submission was made under Regulation 29(1), read with Regulation 29(3), of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Its covering letter is dated October 1, 2026, and identifies Saraogi as the acquirer.

However, the covering letter and the attached acquisition table contain differing details on the purchase date, the earlier percentage holding and which party's individual holding increased. The aggregate share count after the acquisition is consistently stated as 28 lakh.

Aggregate holding increases by one lakh shares

The acquisition table records a combined holding of 27 lakh shares before the transaction and 28 lakh shares afterwards. Both Saraogi and Navratri Share Trading are identified as outside the promoter or promoter group.

  • Before acquisition, the table lists 7 lakh shares with Saraogi and 20 lakh with Navratri Share Trading.
  • After acquisition, it lists 8 lakh shares with Saraogi and 20 lakh with Navratri Share Trading.
  • The corresponding post-acquisition stakes are stated as 1.75% and 4.36%, respectively.

The covering letter, by contrast, attributes the one-lakh-share purchase to Navratri Share Trading. It says the purchase occurred on October 1, 2026, while the table's acquisition or receipt-of-intimation date is September 18, 2026.

Percentage figures also differ within the filing

The covering letter states that the aggregate stake rose from 5.82% to 6.11%. The acquisition table gives the earlier holding as 5.89% and the acquired shares as 0.225%. Its final total row also shows 6.115% under diluted capital, against 6.11% elsewhere. These differences remain unresolved in the supplied disclosure.

The filing states that share capital before and after the acquisition remained 4,58,10,000 equity shares of Rs 10 each, totalling Rs 45.81 crore. It identifies the company's exchange references as BSE scrip code 544803 and NSE symbol RAMBHAJO.