Advent Hotels International issued a revised disclosure on September 9, 2026, correcting significant discrepancies in its earlier filing regarding the release of encumbrance over promoter shares. The company clarified that the mismatch in reported percentages and share counts was due to inadvertent human error.

The revision addresses observations raised by stock exchanges concerning its initial intimation dated August 26, 2026. The filing is submitted under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Disclosure Details

The corrected filing pertains to the release of pledge over 21,70,000 equity shares held by promoter Sanjana Goenka. The event dates for the release are August 18, 2026 (for 13,15,000 shares) and August 19, 2026 (for 8,55,000 shares). The shares were pledged in favor of IDBI Trusteeship Services Limited, acting as trustee for HDFC Limited.

The underlying facility was sanctioned to MIG (Bandra) Realtors & Builders Private Limited, a wholly owned subsidiary of Valor Estate Limited. The pledge was released after the underlying facility was fully repaid.

Promoter Holding Structure

The disclosure provides a snapshot of the total promoter group holding, which stands at 1,31,06,183 shares, representing 24.31% of the total share capital. Following the release, the encumbered portion of the promoter group's holding is corrected to 4.02% of the total share capital.

Key entities within the promoter group include:

• Goenka Family Trust: 70,75,000 shares (13.12%)
• Sanjana Vinod Goenka: 23,38,211 shares (4.33%)
• Jayardhan Goenka: 13,63,211 shares (2.53%)
• Aseela Vinod Goenka: 16,10,478 shares (2.99%)

Other promoters listed include Vinod Goenka, Vinod Goenka HUF, Top Notch Buildcon LLP, Shravan Kumar Bali, Shanita Deepak Jain, Karim Gulamali Morani, Shruti Ahuja, and V S Erectors and Builders Private Limited.

The clarification notes that Ms. Aseela Goenka had also pledged 10,90,529 shares for the same financial facility, which were fully released along with Ms. Sanjana Goenka's shares.

Shruti Ahuja acquired 1,00,121 equity shares of Advent Hotels International from her brother, Shravan Bali, through an off-market gift transaction on September 4, 2026.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on September 8, 2026. Both parties belong to the promoter group.

Transaction Details

The inter-se transfer involved no change in the promoter group’s aggregate holding. The total voting capital of the company remained at ₹53,94,28,870.

What the Numbers Show

The transaction represents a reallocation of equity within the promoter family rather than a dilution or accretion of control. While Shruti Ahuja’s individual stake increased by 0.19%, the promoter group’s consolidated voting power remained static at 47.69%. This indicates that the transfer was purely structural, shifting ownership from one immediate relative to another without altering the overall governance landscape.

Pledge Status

The filing notes that 10,00,000 shares are pledged by the promoter group and persons acting in concert. The economic interest and voting rights of these pledged shares lie with the pledge holders.