The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 13, 2026 for Patodia Properties Pvt Ltd
CHOICEIN · price
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Patodia Properties Private Limited, part of the promoter group of Choice International Limited, has released (unencumbered) 10,20,000 shares that were previously pledged as margin with National Securities Clearing Corporation Ltd. The release happened on 9 March 2026, reducing the entity's encumbered holding from 79,50,000 shares (3.57%) to 69,30,000 shares (3.11%). Across the entire promoter and PAC group, 1,46,30,000 shares (6.57% of total share capital) were released from pledge, bringing total encumbered promoter holding down to 7.02%. Total promoter and PAC holding in the company stands at 57.37% of share capital.
Pledge releases are generally seen as a positive signal — they reduce the risk of forced selling of promoter shares and indicate improved financial flexibility. For shareholders, this lowers an overhang risk on the stock.