Solex Energy Limited — Others, 17-06-2025: Disclosure under SEBI Takeover Regulations

Solex Energy Limited has announced a proposed acquisition involving an inter-se transfer of 47,875 equity shares (0.44% of the company) from promoter Shakuntala Mulchand Shah to existing promoters Kailashchandra Bansilal Chandak and others at ₹900 per share. This move increases the collective promoter holding from 6.56% to 7.40%. The transaction reflects consolidation within the promoter group and is priced below the 60-day volume weighted average market price. This transfer does not trigger an open offer, as all acquirers have been promoters for over three years.