Patodia Properties Private Limited has announced disclosures related to the substantial acquisition of shares in Choice International Limited. The announcement, dated January 1, 2026, concerns the release or creation of encumbrances of shares. This action impacts the shareholding structure of Choice International Limited and is formally communicated to both the BSE and NSE.
Disclosure Overview
On January 1, 2026, Patodia Properties Private Limited communicated important information regarding the release or creation of encumbrances of shares in Choice International Limited. This disclosure was formally submitted to the corporate service departments of both the BSE and NSE.
Key Details of Encumbrance
As of January 1, 2026, Patodia Properties Private Limited held 84,70,000 shares of Choice International Limited, representing 3.80% of the total share capital. The company released pledge shares. This reduced the encumbered shares to 84,70,000, maintaining the same percentage of total share capital at 3.80%.
Entities Involved
The shares are pledged with National Securities Clearing Corporation, to provide collateral for availing a credit facility. Other entities with existing creation include:
M/s Shreeyam Trade Dynamics Private Limited with 51,87,000 shares (2.32%), Mr. Arunkumar Poddar with 6,00,000 shares (0.27%), M/s. Shree Shakambhari Exims Private Limited with 24,00,000 shares (1.08%) and Sunil Kumar Bagaria (PAC) with 2,00,000 shares (0.09%).
Reasons for Encumbrance
The encumbrance is a pledge. The borrowed amount is utilized for the personal use by the promoters and PACS. The value of shares on the date of the event is Rs. 106,30,75,000, while the amount involved against which shares have been encumbered is Rs. 40,00,00,000. The Security cover / Asset cover ratio is 2.66.
Source: BSE
