Promoter Sandeep Gupta acquired 9,51,141 equity shares of Asian Hotels (West) Limited from his mother, Vinita Gupta, through an inter-se transfer on September 9, 2026. The acquisition was executed at nil consideration.

The transaction increased the promoter group’s aggregate shareholding to 23,00,499 shares, representing 19.74% of the total voting capital. Sandeep Gupta’s individual holding rose to 19,01,974 shares, or 16.32%, while Vinita Gupta’s holding declined to 2,00,000 shares, or 1.72%.

Regulatory Compliance

The acquisition relied on the exemption provided under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the parties are immediate relatives. Consequently, no open offer was triggered.

The company filed the requisite report under Regulation 10(7) with SEBI on September 17, 2026, within the mandated 21 working days. Applicable fees totaling ₹1,77,000, including GST, were paid to the regulator.

Promoter Group Holdings

Other persons acting in concert (PACs) within the promoter group maintained unchanged stakes during this period:

What the Numbers Show

The transaction consolidates promoter ownership without altering the total promoter group stake relative to the pre-transfer combined holdings of the two immediate family members. Sandeep Gupta’s individual holding doubled from 8.16% to 16.32%, while Vinita Gupta’s reduced from 9.88% to 1.72%. This internal restructuring aligns with the ongoing transmission process for shares held by the late Sushil Kumar Gupta, whose demat accounts remain frozen pending unfreezing.

Trading Status Update

In a separate disclosure dated April 1, 2026, the promoters confirmed that their shareholdings were not encumbered during FY26. Trading in Asian Hotels (West) shares resumed on April 2, 2026, in the restricted zone following the revocation of suspension by NSE and BSE.

Asian Hotels (West) has disclosed that Sandeep Gupta acquired an 8.16% stake in the company through a gift transaction from Vinita Gupta. The transfer of 9,51,141 shares took place on September 9, 2026, and was reported to stock exchanges on September 11, 2026.

The acquisition was executed at nil price as an inter-se transfer among immediate relatives. This move brings Sandeep Gupta’s total shareholding in the hospitality firm to 16.32%, while Vinita Gupta’s holding reduces to 1.72%.

Transaction Details

The disclosure was made under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company confirmed that the acquisition falls under the exemption provided in Regulation 10(1)(a)(i), which exempts transfers among immediate relatives from making an open offer.

A preliminary disclosure under Regulation 10(5) was filed with the stock exchanges on August 27, 2026, adhering to the specified regulatory timelines.

Shareholding Changes

The following table outlines the shift in ownership percentages for both parties involved in the transaction:

Sandeep Gupta’s stake more than doubles following this transaction, consolidating his position within the promoter group. Conversely, Vinita Gupta retains a minimal holding of 2 lakh shares post-transfer.

What the Numbers Show

The transaction highlights a significant concentration of ownership within the immediate family circle. By transferring nearly all her shares (except 2 lakh) to Sandeep Gupta, the family structure simplifies its equity distribution. Sandeep Gupta now holds a combined 19,01,974 shares, representing a substantial block that likely enhances his influence over corporate governance decisions without triggering a mandatory open offer due to the familial exemption.