Promoters of Solex Energy Limited Execute 12 Share Purchase Agreements for Internal Shareholding Re-alignment
Solex Energy Limited confirmed that its existing promoters entered into twelve Share Purchase Agreements (SPAs) on April 17, 2026. These agreements involve inter se transfers of the Company’s equity shares, aimed at internal re-alignment of shareholding within the promoter group.The transactions, which constitute the execution of multiple SPAs among the promoters, are structured solely to rationalize the ownership pattern of the Company. Solex Energy Limited stated that the execution of these agreements does not have any impact on the core business operations or the financial position of the Company.
Summary of Promoter Transactions
The 12 executed agreements detail various acquisitions of shares from one promoter by another. The transfers involved were all inter promoter transactions, with no related party transaction being deemed non-arm’s length.The following table summarizes the key details of the transactions conducted on April 17, 2026, based on the Share Purchase Agreements:
| Transaction Pair | Acquirer | Seller | Percentage Acquired |
|---|---|---|---|
| Dr. Chetan Shah & Mr. Arunkumar Patodia | Dr. Chetan Shah | Mr. Arunkumar Patodia | 1.05% |
| Dr. Chetan Shah & Mrs. Kavitadevi Kailashchandra Chandak | Dr. Chetan Shah | Mrs Kavitadevi Kailashchandra Chandak | 0.54% |
| Dr. Chetan Shah & Mrs. Kavita Piyush Chandak | Dr. Chetan Shah | Mrs. Kavita Piyush Chandak | 0.13% |
| Dr. Chetan Shah & Mr. Krishna Patodia | Dr. Chetan Shah | Mr. Krishna Patodia | 0.29% |
| Dr. Chetan Shah & Mr. Narayan Patodia | Dr. Chetan Shah | Mr. Narayan Patodia | 0.95% |
| Dr. Chetan Shah & Mr. Piyush Chandak | Dr. Chetan Shah | Mr. Piyush Chandak | 1.2% |
| Dr. Chetan Shah & Mr. Pukhraj Agrawal | Dr. Chetan Shah | Mr. Pukhraj Agrawal | 2.49% |
| Dr. Chetan Shah & Mrs. Sunita Patodia | Dr. Chetan Shah | Mrs. Sunita Patodia | 0.96% |
| Mrs. Sapna Shah & Mrs. Bhavana Agrawal | Mrs. Sapna Shah | Mrs. Bhavana Agrawal | 2.49% |
| Mrs. Sapna Shah & Mr. Kailashchandra Chandak | Mrs. Sapna Shah | Mr. Kailashchandra Chandak | 2.65% |
| Mrs. Sapna Shah & Mr. Krishna Patodia | Mrs. Sapna Shah | Mr. Krishna Patodia | 1.63% |
| Mrs. Sapna Shah & Mrs. Shikha Patodia | Mrs. Sapna Shah | Mrs. Shikha Patodia | 0.83% |
Across all transactions, the stated purpose was the internal re-alignment of shareholding within the promoter group. All agreements involved the promoters of the Company, and none of the transactions were classified as related party transactions that did not meet the arm’s length criteria.
SOLEX Stock Price Movement
Shares of Solex Energy Limited are edging higher to ₹1292 as of 11:54 AM today, rallying 0.14% in live trading. The stock is seeing significant activity, with 25,079 shares moving through the market during this session.Source:
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