Choice International Limited confirmed that its promoters and Persons Acting in Concert (PAC) did not create any encumbrances on shares held by them during the financial year 2025-26. The disclosure, made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, assures stakeholders that the shareholding remains free from undisclosed charges or liens during the specified period.

The confirmation was submitted by Kamal Poddar on behalf of the Promoter Group and PAC. The letter addressed to BSE Limited and National Stock Exchange of India Limited explicitly stated that no direct or indirect encumbrances were made other than those already disclosed to the exchanges. This regulatory filing ensures transparency regarding the financial standing of the promoter's holdings.

Regulatory Disclosure Details

The submission was made to comply with the Takeover Regulations, which mandate periodic disclosures regarding the status of promoter shareholdings. The following table outlines the key details of the filing:

The company confirmed that all necessary disclosures regarding any prior encumbrances had already been made to the exchanges. This filing serves as a formal confirmation for the record of the financial year 2025-26.

Choice International Limited has achieved full compliance with the Securities and Exchange Board of India (SEBI) regulations for the financial year ended March 31, 2026. The company successfully met all requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring robust governance and adherence to statutory norms.

R M Mimani & Associates LLP conducted the audit to certify the company's compliance status. The examination covered documents, records, filings submitted to stock exchanges, and the company's website. The audit confirmed that the listed entity complied with the provisions of the SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, and various other regulations including those related to insider trading and issue of capital.

The report highlighted specific areas of compliance, confirming that the company's operations align with the Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI). All applicable policies under SEBI Regulations were adopted and timely updated with board approval. The company maintained a functional website with accurate web-links for document dissemination as required under Regulation 27(2).

Key Compliance Areas

The audit verified several critical governance and operational parameters. The table below summarizes the compliance status across key categories:

Regulatory Actions and Auditors

The report confirmed that no actions were taken against the listed entity, its promoters, directors, or subsidiaries by SEBI or stock exchanges during the review period. There were no resignations of statutory auditors from the company or its material subsidiaries that required reporting under the Master Circular.

R M Mimani & Associates LLP issued the Annual Secretarial Compliance Report based on their examination. The firm noted that the responsibility for compliance with applicable laws and the authenticity of documents rests with the management. The audit was conducted on a random test basis to verify procedures, providing reasonable assurance regarding the correctness of the contents of the secretarial records.