The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on November ....

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CHOICEIN · price

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹779.50

prior close

₹784.60

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-0.0% vs market

Holding Company peers, median of 13sector+0.2%-0.1% vs sector

On the reaction day the stock moved in line with Nifty Smallcap 250 and 0.1 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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Reaction day

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Next day

+3.9+1.3+2.6+2.1+1.8

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UpDownMarket · Nifty Smallcap 250Sector · Holding Company peers, median of 13Pending

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AI summary

Promoter Arun Kumar Poddar has pledged 6,00,000 shares (0.28% of total share capital, 3.70% of his personal holding) in favour of ICICI Bank on November 14, 2025. The pledged shares were valued at approximately Rs. 47.09 crore (based on BSE closing price on the event date) and are being used as collateral for credit facilities of Rs. 100 crore availed by M/s. Troo Tribe Tech Limited, a third-party entity — not for the benefit of Choice International Limited. The promoter holds 1.62 crore shares in total, representing 7.75% of the company's share capital. The pledge expires on November 12, 2026. The filing confirms the encumbrance is well below 50% of his promoter holding and below 20% of total share capital.

Likely market impact

The pledge size is small relative to both the promoter's holding and the company's total capital, so direct shareholder impact is limited. However, the funds raised are for a third-party entity rather than the listed company, which retail investors may want to note as a governance signal.