The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Plutus Wealth Management LLP
CHOICEIN · price
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On the reaction day the stock moved 5.0 pts less than Nifty Smallcap 250 and 4.7 pts less than its Holding Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Plutus Wealth Management LLP, a non-promoter entity, revised its holding in Choice International Limited during January 30 to February 20, 2026. It converted 66.67 lakh warrants into equity shares (adding ~2.99%) and simultaneously sold 13 lakh shares in the open market (~0.58%). Net effect: its stake rose from 6.25% to 8.66% of total share capital, a change of about 2.41%. Post-acquisition, Plutus holds 1.93 crore shares, representing 8.65% on a fully diluted basis. The disclosure was filed because the change in shareholding exceeded 2% of total voting rights, crossing the SAST reporting trigger.
Plutus Wealth, a non-promoter institutional investor, is now sitting at 8.66% — within striking distance of the 10% regulatory threshold, which means further buying will attract additional SAST disclosure obligations. The combination of warrant conversion plus a partial open-market sale suggests active portfolio rebalancing rather than a simple buy, but the rising stake signals growing institutional interest in the stock.