The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 01, 2026 for Patodia Properties Pvt Ltd
CHOICEIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Patodia Properties Private Limited, part of the promoter group of Choice International Limited, has disclosed changes in share encumbrance on December 30, 2025. The promoter released a pledge of 84,70,000 shares (3.80% of total share capital) that was held with Clearing Corporation. On the same day, a fresh pledge of 13,00,000 shares (0.58% of share capital) was created in favour of Aditya Birla Capital Limited, an NBFC, for a loan of Rs. 40 crore used for personal purposes by the promoter. The value of encumbered shares is stated at Rs. 106.31 crore, giving a comfortable collateral cover ratio of 2.66x. The total promoter group holding remains 12,78,02,292 shares (57.41%), with post-event encumbrance reduced to 1,68,57,000 shares (7.56%) of total share capital.
Net effect is a meaningful reduction in pledged shares of the promoter group, which is generally viewed positively by investors as it lowers the risk of forced selling. However, a smaller new pledge was taken to raise personal funds, indicating the promoter is still using shares as collateral for borrowing.