The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suchit Punnose
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Suchit Punnose, a promoter of Eco Hotels and Resorts Ltd, has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations regarding the pledging of 11,28,219 equity shares, which represents 2.19% of the company's total share capital. The pledge was created on August 4, 2025. Before the pledge, these shares were held as shares carrying voting rights; after the transaction, they are recorded as encumbered shares. The promoter's total holding remains unchanged at 2.19% of the equity capital, which stands at 5,15,07,235 shares. The disclosure was signed from London on August 5, 2025.
This is a routine pledge disclosure by a relatively small individual promoter (2.19% stake). It does not change the promoter's economic interest or voting power in the company. Investors should monitor for any future invocation of this pledge, which could indicate financial stress on the promoter.