The Exchange has received updates on Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 03, 2025 for Century ....
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Awaiting price reaction for this filing.
Century 21 Officespace Private Limited, a promoter of Sayaji Hotels (Indore), disclosed a pledge of 1,78,000 shares (5.84% of total share capital) created on 01/08/2024. The disclosure is being filed now because Century 21 recently completed an open offer and only then got classified as a promoter. The shares were pledged to A R Hospitality Limited to meet a short-term financial need of Rs. 1 crore, against shares valued at Rs. 20.45 crore (a comfortable cover ratio of 20.45:1). Post-event, Century 21 holds 9,24,433 shares (30.34% of the company), of which 19.25% are now encumbered.
The pledge was actually created over a year ago and is being reported late, so there is no fresh market surprise. The very high cover ratio (20.45x) means low risk of invocation, but investors should note that nearly one-fifth of the promoter's stake is now pledged, which is a mild negative watchpoint.