5E Advanced Materials filing lists Karnavati Holdings as 10% owner
FEAM•A beneficial ownership filing lists Karnavati Holdings as a 10% owner of 5E Advanced Materials, with 6,144,182 common shares acquired on Oct. 1, 2026. The stake stems from a Sept. 14 asset purchase agreement tied to partial payment of DIP obligations.
1. Ownership filing
Karnavati Holdings reported beneficial ownership of 6,144,182 shares of 5E Advanced Materials, acquired on Oct. 1, 2026, under a Sept. 14 asset purchase agreement tied to partial payment of DIP obligations. Nirma, through its wholly owned subsidiary Karnavati, and Nirma shareholder Dr. Karsanbhai K. Patel also reported indirect beneficial ownership of the same shares; Patel holds about 58.98% of Nirma’s equity.
2. Shares excluded
The filing excludes 312,500 shares held back and another 1,843,318 shares in escrow pending resolution of a mechanic’s lien.
