The Promoter Group of Apeejay Surrendra Park Hotels Limited, led by Acquirer Karan Paul, increased its shareholding through on-market purchases between March 17, 2026, and March 18, 2026. A total of 44,180 shares were acquired by Karan Paul, resulting in a post-acquisition holding of 44,280 shares, or 0.02075% of the total capital. The consolidated Promoter and Promoter Group stake increased to 68.16529%.
Shareholding Change Notification
This disclosure pertains to the acquisition of shares in Apeejay Surrendra Park Hotels Limited (TC) by the Acquirer, Karan Paul, who is also a Promoter and Director of the Company, acting in concert with other members of the Promoter Group (listed in the filing). The total pre-acquisition holding of voting rights by the Acquirer/PACs, before the current transaction, was negligible, standing at only 100 fully paid-up equity shares (0.00005%).
Details of Acquisition
The acquisition consisted entirely of the purchase of equity shares carrying voting rights via on-market transactions:
- Total Acquired/Sold: 44,180 fully paid-up equity shares, representing 0.02071% of the total capital.
- Acquisition Mode: Open market purchase.
- Specific Transactions: Karan Paul acquired 18,070 shares on March 17, 2026, and 26,110 shares on March 18, 2026.
Post-Acquisition Holding Status
Following the acquisition, the shareholding details for the Acquirer (Karan Paul) are:
The holding of shares carrying voting rights increased to 44,280 fully paid-up equity shares, translating to a stake of 0.02075% of the total capital. There were no changes noted in holdings related to encumbrances, warrants, or other convertible securities.
Consolidated Promoter Group Stake
The filing also provided the consolidated position of the entire Promoter and Promoter Group (Acquirer + PACs) before and after the recent transaction:
- Pre-acquisition Shareholding: 14,54,02,986 shares, representing 68.14458% of the total share capital.
- Post-acquisition Shareholding: 14,54,47,166 shares, representing 68.16529% of the total share capital.
The total equity share capital of the Company prior to the transaction was INR 21,33,74,246, divided into the same number of fully paid-up equity shares. Since the transaction was an on-market purchase, there was no change in the total share capital of Apeejay Surrendra Park Hotels Limited.
Signatories
This disclosure was made for self (Acquirer) and on behalf of all PACs by Karan Paul, Promoter and Director, dated March 18, 2026.
Annexure A Reference
Annexure A lists numerous members of the Promoter Group who currently do not hold shares in the Target Company, including several individuals (like Priti Paul and Priya Paul) and various corporate/trust entities (such as Apeejay Trust and Surrendra Overseas (Singapore) Pte. Limited).
Source: BSE
