Arun Kumar Poddar, a promoter of Choice International Limited, has encumbered 6,00,000 shares, representing 3.70% of his holding. This encumbrance, created on November 14, 2025, involves a pledge in favor of ICICI Bank. The shares, valued at ₹47,09,40,000, serve as collateral for credit facilities availed by M/s. Troo Tribe Tech Limited, with an encumbrance ratio of 0.47 and an expiry date of November 12, 2026.
Share Encumbrance Details
Arun Kumar Poddar, a promoter of Choice International Limited, has encumbered a portion of his shareholding. As of the latest disclosure, the total promoter shareholding stands at 16,200,000 shares, representing 7.75% of the total share capital.
Encumbrance Specifics
The encumbrance involves 6,00,000 shares, which constitute 0.28% of the total share capital and 3.70% of Mr. Poddar’s holding. The encumbrance was created on November 14, 2025, taking the form of a pledge in favor of ICICI Bank, a scheduled commercial bank.
Purpose of Encumbrance
The encumbered shares serve as collateral for credit facilities availed by M/s. Troo Tribe Tech Limited. The value of the shares on the date of the event is ₹47,09,40,000 against an amount of ₹100,00,00,000, resulting in a ratio of 0.47. The borrowed amount is being utilized for personal use by the promoters and PACs. The pledge is set to expire on November 12, 2026.
Source: BSE
