The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 26, 2026 for Century 21 Officespace Pvt Ltd
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Promoter Century 21 Officespace Private Limited has released 1,78,000 pledged equity shares (5.842% of total share capital) of Sayaji Hotels (Indore) Ltd, effective March 23, 2026. The shares were pledged in favor of AR Hospitality Limited on August 1, 2024, against a loan of Rs. 1 crore, and are being released on account of loan repayment. After this release, the promoter has zero encumbered shares remaining out of its 9,24,433 share holding (30.34% of total capital). The encumbered shares represented only 19.25% of the promoter's own holding, well below the 50% threshold.
Positive signal for the stock — the promoter's complete exit from pledged shares reduces financial risk and removes any overhang of potential forced selling. It indicates improved financial health of the promoter group, as the underlying loan has been fully repaid.