The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 08, 2025 for Century ....
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Century 21 Officespace Private Limited, a newly classified promoter of Sayaji Hotels (Indore) Ltd, has filed a revised disclosure reporting the creation of a pledge on 1,78,000 shares (5.84% of total share capital, 19.25% of its own promoter holding). The pledge was originally created on 01/08/2024 when the entity was in the 'Public' category and is now being formally disclosed after the entity was reclassified as a promoter following completion of an open offer. The pledge is in favour of A R Hospitality Limited to raise Rs. 1 crore for short-term financial needs, with the pledged shares valued at around Rs. 20.45 crore (at Rs. 1,149 per share). Total promoter holding of Century 21 Officespace stands at 9,24,433 shares (30.34%) in the company.
This is a routine encumbrance disclosure and does not change the underlying ownership. The pledge of ~19% of the promoter entity's stake introduces some monitoring risk if short-term financing is not repaid, but the pledge value (Rs. ~20.45 cr) offers a comfortable cushion over the Rs. 1 crore loan. No immediate negative impact expected for retail shareholders.