The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Soansrishti Properties Pvt Ltd & Others
CHOICEIN · price
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The promoter group and PACs of Choice International Ltd acquired 52,71,000 equity shares (2.35% of expanded capital) through warrant conversions and intra-family HUF partition transfers. Soansrishti Properties Pvt Ltd received 31,21,000 shares on conversion of warrants on Nov 28 and Dec 5, 2025; Shreeyam Trade Dynamics got 3,50,000 shares in September; and two HUFs (Kamal Poddar HUF and Arun Kumar Poddar HUF) were partitioned, with 9,00,000 shares each going to individual family members. Total share capital of the company expanded from 21.47 crore to 22.27 crore shares due to warrant conversions. Despite additions, promoter group shareholding on equity basis slipped from 50.04% to 49.80%, while including outstanding warrants, total promoter holding stands at 57.37%.
Promoter group continues to strengthen their position through warrant conversions, but on a pure equity basis their holding has dipped just below the 50% majority mark, which could have implications for resolution voting and control perception. The largest individual holders — Vinita Sunil Patodia (11.13%), Kamal Poddar (7.18%), and Arun Kumar Poddar (7.00%) — remain unchanged in absolute terms.