Shree Shakambhari Exims Private Limited has announced the successful release of 10,60,000 shares of Choice International Limited from a pledge. This corporate action, effective as of March 30, 2026, involves the release of margin pledges held by the National Securities Clearing Corporation Ltd. The promoter’s total encumbered holdings have been adjusted following this release, reflecting a strategic move in the management of their share capital.
Details of Share Encumbrance Release
Shree Shakambhari Exims Private Limited, a promoter of Choice International Limited, has confirmed the release of a portion of its previously encumbered equity. As of March 30, 2026, the entity successfully released 10,60,000 shares that were previously pledged as part of a margin arrangement with the National Securities Clearing Corporation Ltd.
Impact on Promoter Holding
Prior to this transaction, the promoter held 24,00,000 shares in an encumbered state, representing 1.08% of the total share capital. Following the release of these shares, the post-event holding of encumbered shares for the promoter has been reduced to 13,40,000 shares, which now accounts for 0.60% of the total share capital of Choice International Limited.
Context of Promoter Group Activity
The promoter group continues to maintain a significant stake in Choice International Limited, with a collective pre-release holding of 12,78,02,292 shares, representing 57.37% of the total share capital. While the release of these margin-pledged shares marks a specific reduction in encumbrance for the promoter, the overall consolidated promoter group holdings remain steady, with total encumbered shares across the group now standing at 1,44,20,000 shares, or 6.47%.
Source: BSE
