The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on March ....
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Promoter Century 21 Officespace Private Limited has released 1,78,000 pledged shares (5.842% of total share capital) of Sayaji Hotels (Indore) Ltd on 23 March 2026. The shares were originally pledged on 1 August 2024 in favor of AR Hospitality Limited against a loan of Rs. 1 crore taken to meet short-term financial needs. After this release, the promoter's encumbered shareholding stands at nil. Century 21 Officespace continues to hold 9,24,433 shares (30.34% of total share capital) in Sayaji Hotels, of which 19.25% were previously pledged.
This is a positive signal for shareholders as the promoter has freed up pledged shares, indicating reduced financial burden or successful loan repayment. With zero encumbered shares now, the promoter's stake is unencumbered, which lowers the risk of forced selling and typically supports investor confidence.