Karan Paul, a Promoter of Apeejay Surrendra Park Hotels Limited, acquired 19,340 fully paid-up equity shares (approximately 0.00906%) through an open-market purchase on March 24, 2026. This transaction resulted in the consolidated Promoter and Promoter Group shareholding increasing slightly to 68.20909% of the total capital. Before this acquisition, the group held 68.20002%. The total share capital remains unchanged at INR 21,33,74,246.
Details of Share Acquisition by Promoter
This disclosure details an acquisition by Karan Paul, identified as a Promoter of Apeejay Surrendra Park Hotels Limited (“Company”). The acquisition was executed through an on-market purchase on March 24, 2026.
Acquirer and Persons Acting in Concert (PACs)
The acquirer is Karan Paul. The disclosure also lists several Persons Acting in Concert (PACs), including Priya Paul, Apeejay Surrendra Trust, Great Eastern Stores Private Limited, and numerous other Apeejay group entities.
Transaction Summary: Karan Paul (Acquirer)
The filing exclusively covers the holding of the Acquirer, Karan Paul:
- Shares Acquired/Sold (Voting Rights)
- 19,340 fully paid-up equity shares
- Percentage Change (w.r.t. total share capital)
- 0.00906%
- Holding Before Acquisition
- 71,322 shares (0.03343%)
- Holding After Acquisition
- 90,662 shares (0.04249%)
The mode of acquisition was on-market purchase. There were no shares subject to encumbrance (pledge/lien) involved in this specific transaction, and no warrants or convertible securities were exercised or released.
Consolidated Promoter & Promoter Group Holding
The document provides context regarding the total holding of the Promoter and Promoter Group (Acquirer + PACs) before and after this transaction, demonstrating a slight increase in overall control:
- Pre-acquisition shareholding: 14,55,21,283 fully paid-up equity shares, representing 68.20002% of the total share capital.
- Post-acquisition shareholding: 14,55,40,623 fully paid-up equity shares, representing 68.20909% of the total share capital.
Capital Structure Details
The total equity share capital of the Company prior to and following the transaction remains INR 21,33,74,246, divided into an equivalent number of fully paid-up equity shares of INR 1/- each. This stability is confirmed because the transaction was an on-market purchase, causing no change to the total issued capital.
List of Non-Holding Promoter Group Members
Annexure A lists numerous members of the Promoter Group who do not currently hold shares in the Target Company, including individuals like Priti Paul and Kabir Anand Paul, alongside corporate entities such as Apeejay Holdings Private Limited and Surrendra Paul HUF.
Source: BSE
