Promoter inter-se transfer of 11.72% shares by way of gift

Mr. Arun Kumar Saraf, Promoter of Asian Hotels (East), plans to acquire 20,26,520 equity shares (11.72% of share capital) from Mrs. Ratna Saraf by way of gift on or before September 30, 2026. Post-transfer, his holding rises from 0.08% to 11.80%, while Mrs. Saraf's holding drops from 23.44% to 11.72%. Total promoter group holding stands at 53.91% after the transfer. This is an inter-se transfer among immediate relatives, exempt from open offer under Regulation 10(1)(a)(i). No cash consideration involved.