Patodia Properties Private Limited has announced the release of encumbrances on a portion of its shares in Choice International Limited. A total of 13,00,000 shares, representing 0.58% of the total share capital, have been released. This announcement was made on January 1, 2026, and impacts the overall encumbered shareholding of Patodia Properties in Choice International.
Encumbrance Release Details
Patodia Properties Private Limited has released encumbrances on 13,00,000 shares of Choice International Limited. This represents 0.58% of the total share capital of Choice International. Following the release, Patodia Properties Private Limited continues to hold encumbered shares.
Remaining Encumbered Shares
After this transaction, Patodia Properties Private Limited holds 84,70,000 encumbered shares in Choice International, representing 3.80% of the total share capital. The release was executed on December 30, 2025.
Details of Shares Release
The release of the pledge was in favor of National Securities Clearing Corporation. As of January 1, 2026, various other promoters continue to have encumbered shares.
Encumbered Share Overview
The value of shares on the date of the event was ₹106,30,75,000, against which an amount of ₹40,00,00,000 has been encumbered, resulting in a ratio of 2.66. The borrowed amount will be utilized for personal use by the promoters.
Source: BSE
