The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 25, 2026 for Century 21 Officespace Pvt Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Century 21 Officespace Pvt Ltd has released (un-pledged) 1,78,000 shares of Sayaji Hotels (Indore) Ltd, representing 5.842% of the company's total share capital. The promoter holds 9,24,433 shares (30.34% of total capital), and these released shares were pledged in favour of AR Hospitality Limited on 01 August 2024 to secure a loan of Rs. 1 crore. The reason cited for release is repayment of the loan, and post-release, the promoter has zero encumbered shares. The value of the released shares on the event date was Rs. 20.45 crore (at Rs. 1,149 per share). The pledge was never above 50% of the promoter's holding (it was 19.25% before release) and below 20% of total share capital.
This is a positive signal — the promoter has freed up pledged shares by repaying the underlying loan, reducing financial risk on the promoter group. With no encumbered shares remaining, the overhang from potential forced selling is removed, which is mildly constructive for shareholder confidence.