Best Eastern Hotels Limited has announced a major shareholding change following a significant acquisition by promoter Vinaychand Kothari. The transaction, disclosed under SEBI's substantial acquisition regulations, represents a strategic consolidation of ownership within the promoter group.

Transaction Details

The acquisition involved 42.50 lakh shares, representing 25.22% of the company's total voting capital. The transaction was completed through transmission on March 27, 2026, rather than through market purchase or other conventional methods.

Shareholding Changes

Kothari's shareholding has increased substantially following this acquisition. Before the transaction, he held 43.46 lakh shares representing 25.80% of the company's voting capital. Post-acquisition, his total holding stands at 85.96 lakh shares.

Majority Control Achievement

With this acquisition, Kothari has crossed the 50% threshold, achieving majority control of Best Eastern Hotels Limited. His shareholding now stands at 51.02% of the total voting capital, marking a significant milestone in ownership concentration.

Company Structure

The company's equity share capital remains unchanged at 1.26 crore shares both before and after the acquisition. Best Eastern Hotels Limited is listed on BSE Limited, and the disclosure confirms that no encumbrances, warrants, or convertible securities are involved in this transaction.

Regulatory Compliance

The disclosure has been made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction represents a clean acquisition with no associated voting rights other than shares or any other complex instruments involved.

Best Eastern Hotels Ltd has announced the demise of Mrs. Meena Kothari, a promoter of the company, who passed away on November 30, 2025. The company made this disclosure to BSE Limited on March 20, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Promoter Details and Shareholding

Mrs. Meena Kothari held a significant stake in the company at the time of her demise. The shareholding details are presented below:

Family Relationships

Mrs. Kothari had inter-se relationships with other promoters and directors of the company:

• Mr. Vinaychand Kothari: Spouse
• Mr. Dilip V Kothari: Son
• Mrs. Neelam D Kothari: Daughter-in-law

Regulatory Compliance

The company informed that Mrs. Kothari ceased to be a promoter in accordance with Regulation 31A (6) (c) of the SEBI LODR Regulations, 2015. The transmission of shares held by the deceased will be carried out in due course following applicable laws, with necessary disclosures to be made as and when required.

Delayed Disclosure Explanation

Regarding the delayed intimation from November 2025 to March 2026, the company initially considered the event non-material since Mrs. Kothari was not involved in the management, day-to-day affairs, and decision-making of the company. However, for governance transparency and investor awareness, the company decided to make the disclosure.

The announcement was signed by Dilip V Kothari, Joint Managing Director & CFO (DIN: 00011043), expressing the company's deep condolences on the sad demise of Mrs. Meena Kothari.