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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Awaiting price reaction for this filing.
Promoter Century 21 Officespace Private Limited has released 1,78,000 pledged equity shares (5.842% of total share capital) of Sayaji Hotels (Indore) Limited. The shares were originally pledged on 01/08/2024 in favor of AR Hospitality Limited against a loan of Rs. 1 crore taken to meet short-term financial needs. After this release on 23/03/2026, the promoter now has zero encumbered shares out of its 9,24,433 share holding (30.34% of the company). The released shares were valued at around Rs. 20.45 crore on the date of release (at Rs. 1,149 per share).
Positive signal for shareholders — the promoter has fully cleared its pledged holdings, removing any risk of forced sale of shares. It indicates the promoter has repaid the loan and no longer has any encumbrance, which generally improves confidence in the stock.