The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 25, 2025 for Century 21 Officespace Pvt Ltd
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Century 21 Officespace Private Limited, a promoter of Sayaji Hotels (Indore) Ltd, has disclosed the creation of a pledge on 1,78,000 equity shares (about 5.84% of share capital) of the company. The pledge was originally created on August 1, 2024, when Century 21 was still classified as a 'Public' shareholder, and the disclosure is now being made because the entity has been reclassified as a 'Promoter' following the completion of an Open Offer. The promoter holds 9,24,433 shares in total, representing 30.34% of the company's share capital. The reason cited for the pledge is to meet a short-term financial requirement.
This is a post-event regulatory disclosure of a pledge that already existed; it is not a new encumbrance or any change in ownership. Shareholders should note that a portion of the promoter's stake is encumbered, which carries some financial risk, though the pledged quantity is relatively small (under 6% of capital). No immediate negative impact on stock price is expected from the disclosure itself.