The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 05, 2025 for Suchit Punnose
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Promoter Suchit Punnose of Eco Hotels And Resorts Ltd has pledged 11,28,219 equity shares, representing 2.19% of the company's total share capital, with PYXIS Finvest Limited on August 4, 2025. The pledge was created to secure financial assistance from PYXIS Finvest. Prior to this event, the promoter had no encumbered shares; after the pledge, the full 2.19% holding stands encumbered. The disclosure was filed with BSE on August 5, 2025, under SEBI's SAST Regulations 2011.
The pledge creation is modest at 2.19% of share capital and is for raising financial assistance rather than indicating distress. Shareholders should monitor for any future invocation or release of this pledge, which could affect promoter holding visibility.