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
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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.