�Sandeep Gupta�has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Sandeep Gupta, a promoter of Asian Hotels (West) Limited, has filed a yearly disclosure with the stock exchanges under SEBI's takeover regulations. Along with four other promoters and persons acting in concert (Gunjan Jain, Madhu Jain, Vinita Gupta, and Chaman Lal Gupta And Sons HUF), he has declared that the promoter group's shares in the company were not encumbered (i.e., not pledged or locked) at any point during the financial year ended March 31, 2025. A note mentions that promoter Sushil Kumar Gupta passed away in October 2021 and the transmission of his shares is pending because the promoters' demat accounts are currently frozen.
This is a routine, neutral disclosure. No shares held by the promoter group are pledged as collateral, which removes any immediate risk of forced selling. Shareholders should note that share transmission from the deceased promoter remains pending due to frozen demat accounts.