Advani Hotels & Resorts (India) Ltd disclosed its shareholding pattern for the quarter ended June 30, 2026, confirming that the promoter and promoter group have not encumbered any shares directly or indirectly. The filing, submitted to BSE Limited and National Stock Exchange of India Limited on July 8, 2026, was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration was signed by Haresh G. Advani, Promoter and Executive Director, on behalf of the promoter and promoter group.

The disclosure provides transparency regarding the shareholding structure and ensures that no shares have been pledged or encumbered by the promoters during the specified period. This regulatory filing is part of the company's ongoing compliance obligations to inform the stock exchanges about any significant changes in shareholding patterns.

Key Details of the Disclosure

The company's compliance officer, Milind Subodh Nigam, facilitated the submission of the disclosure to the exchanges. The filing ensures that shareholders and regulatory bodies are informed about the standing of the promoter group's shareholding as of the quarter ended June 30, 2026.

Advani Hotels & Resorts (India) Ltd has filed a complaint with the Securities and Exchange Board of India (SEBI) against Simply Wall Street Pty Ltd for alleged serious violations of the SEBI (Research Analysts) Regulations, 2014. The company accused the foreign research entity of publishing factually inaccurate, incomplete, and misleading reports concerning its financials and valuation, which it argues constitutes unregistered research activity. The complaint highlights that Simply Wall Street disseminates investment advice on Indian listed securities without the required registration or agreement with a SEBI-registered research analyst, potentially exposing retail investors to manipulative information and systemic risks.

The company detailed several specific instances of alleged misleading content on the Simply Wall Street dashboard. It contested the platform's assertion that the company's dividend has been volatile over the last decade, stating that dividends aggregating INR 102,00,00,000 were paid in nine out of the last ten financial years, with the only exception being the financial year 2020-2021 due to the COVID-19 lockdown. Advani Hotels also flagged contradictory remarks regarding the number of new directors and negative valuation labels such as 'Below Future Cash Flow Value' without disclosed methodology. The company contrasted Simply Wall Street's valuation of INR 20.39 per share with reports from two Registered Valuers, ANVI Technical Advisors India Private Limited and Whitestone Valuers and Consultants Private Limited, which valued the operating business undertaking significantly higher.

Furthermore, the complaint challenged a Simply Wall Street article dated January 20, 2026, which used an unsubstantiated 25% industry growth rate to imply under-performance, whereas the company cited industry guidance ranging between 9% and 14%. It also disputed claims regarding Chief Executive Officer compensation, stating that the CEO's remuneration was INR 1,44,90,000 and remained unchanged for the period August 1, 2025, to July 31, 2026, contrary to the platform's report of a 20% increase. The company noted that despite previous correspondence pointing out factual inaccuracies in articles dated April 27, 2023, and February 13, 2023, Simply Wall Street failed to adequately correct or withdraw the content.

Advani Hotels argued that Simply Wall Street's conduct may amount to contraventions of the SEBI Act and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003. The company has urged SEBI to verify whether Simply Wall Street has entered into agreements with registered research entities and to immediately direct the platform to cease and desist from publishing reports on Indian securities. Additionally, Advani Hotels requested enforcement proceedings, including penalties and disgorgement of illicit gains, and a comprehensive investigation into the entity's operations.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE199C01026/2972fa6d1340439b.pdf