Arun Kumar Poddar has officially disclosed the release of encumbrance on shares held in Choice International Limited. This action, in accordance with SEBI regulations, signifies a change in the status of pledged shares. The disclosure pertains to a release of encumbrance from a total of 6,00,000 shares previously held by Mr. Arunkumar Poddar, representing 0.27% of the total diluted share capital.
Release of Share Encumbrance
Arun Kumar Poddar has made a formal disclosure regarding the release of encumbrance on a portion of his shareholding in Choice International Limited. This announcement is made pursuant to Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, concerning the release of encumbrance on shares.
Details of Share Release
The specific event detailed is the Release of Pledge Shares, which occurred on September 4, 2026. Mr. Arunkumar Poddar, the promoter in question, had 6,00,000 shares encumbered, representing 0.27% of the total diluted share capital. Following the release, the post-event holding of encumbered shares is now NIL for this specific transaction, with the promoter’s overall holding remaining unchanged at 7.27% of the total share capital and 7.27% of the diluted share capital.
Other Promoters’ Holdings
The disclosure also provides details for other entities and individuals within the promoter group. Notably, M/s. Patodia Properties Private Limited has 77,80,000 shares encumbered, representing 3.49% of the total diluted share capital. Similarly, M/s Shreeyam Trade Dynamics Private Limited has 45,00,000 shares encumbered, representing 2.02% of the total diluted share capital. Several other individuals and PACs are listed with NIL encumbrances currently.
Source: BSE
