Piyush D. Shah, Promoter & Managing Director of Jindal Hotels Limited, has increased his holding in the company through a gift of 1,31,368 equity shares. This transaction, effective November 4, 2026, raises his total shareholding to 13,30,157 shares, representing 19% of the total equity capital. The acquisition was made by way of gift, as disclosed in accordance with SEBI regulations.
Promoter Stake Acquisition
Piyush D. Shah, acting as Promoter and Managing Director of Jindal Hotels Limited, has acquired an additional 1.88% stake in the company through a gift. The disclosure, made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms the acquisition of 1,31,368 equity shares on November 4, 2026.
Increased Shareholding
Following this acquisition by way of gift, Piyush D. Shah’s total shareholding in Jindal Hotels Limited now stands at 13,30,157 equity shares. This represents a significant increase in his holding, bringing his total stake to 19% of the company’s total share capital. The previous holding before this transaction was 11,98,789 shares, amounting to 17.13%. The equity share capital of the target company remains unchanged at Rs. 7,00,00,000/- divided into 70,00,000 Equity Shares of Rs. 10/- each.
Source: BSE
