Soansrishti Properties Private Limited has increased its stake in Choice International Limited following the conversion of warrants. The acquisition involves the allotment of equity shares, resulting in a change in the shareholding structure. The total diluted share/voting capital of Choice International after this acquisition is INR 222,77,65,000, consisting of 22,27,76,500 Equity Shares of INR 10/- each.
Increased Holding in Choice International
Soansrishti Properties Private Limited has acquired additional shares in Choice International Limited through the conversion of warrants into equity shares.
Details of Acquisition
The acquisition alters the shareholding percentages of Soansrishti Properties and persons acting in concert (PACs) within Choice International. Key individuals and entities with shareholding changes include:
- Kamal Poddar
- Arun Kumar Poddar
- Archana Anil Patodia
- Vinita Sunil Patodia
- Sonu Poddar
- Other members of the Poddar and Patodia families, along with associated HUFs and private limited companies.
Impact on Share Capital
Following the acquisition, the equity share capital and total voting capital of Choice International Limited now stands at INR 222,77,65,000, comprising 22,27,76,500 Equity Shares with a face value of INR 10/- each.
Shareholding Changes
Significant changes in shareholding percentages due to the warrant conversion and subsequent equity share allotment are detailed below:
- The total shares carrying voting rights for Kamal Poddar are now 1,60,00,000, representing 7.18% of the total voting capital.
- Arun Kumar Poddar’s holding is 1,56,00,000 shares, equivalent to 7.00%.
- Vinita Sunil Patodia holds 2,48,04,000 shares, making up 11.13% of the voting capital.
- Suyash Sunil Patodia’s shareholding is 92,00,000 shares, amounting to 4.13%.
These changes reflect the updated distribution of shares after the warrant conversion, as of December 09, 2025.
Details of Shares Encumbered
The announcement also specifies the number of shares under encumbrance (pledged or with non-disposal undertakings) by several entities. This includes:
- Shree Shakambhari Exims Private Limited: 24,00,000 shares
- Patodia Properties Private Limited: 84,70,000 shares
- Shreeyam Trade Dynamics Private Limited: 51,87,000 shares
- Arun Kumar Poddar: 6,00,000 shares
Source: BSE