The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 22, 2025 for Raoof Razak Dhanani
SAYAJIHOTL · price
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Promoter Raoof Razak Dhanani has released 9,75,000 equity shares of Sayaji Hotels from a pledge with State Bank of India, reportedly due to loan repayment. Before the release, 12,75,000 shares (7.27% of total share capital) were encumbered; after the release, only 3,00,000 shares (1.71%) remain pledged. The total promoter holding stands at 15,27,630 shares (8.72%). The event date was 18 December 2025, with the disclosure filed on 22 December 2025.
Reduction in pledged shares typically signals improved financial health or freed-up collateral for the promoter, which is generally viewed positively by retail investors as it reduces forced-sale risk.