Choice International Limited has announced the appointment of Mr. Vimal Kumar Jain as a member of its Advisory Board, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment was formally communicated to stock exchanges on April 06, 2025.

Professional Background and Expertise

Mr. Vimal Kumar Jain brings substantial credentials to his new role as an Advisory Board member. As a Fellow Chartered Accountant (FCA), he possesses over four decades of comprehensive experience across multiple financial domains.

Areas of Specialization

Throughout his extensive career, Mr. Jain has developed expertise in several critical areas of corporate finance and strategy. His professional focus encompasses:

• Debt and equity fund-raising initiatives
• Financial structuring and capital optimization
• Strategic advisory services for corporates
• Capital structuring and market operations
• Mergers and acquisitions execution
• Complex financial transaction management

Industry Experience and Associations

Mr. Jain has maintained long-standing associations with reputed financial institutions and corporate entities, serving in strategic advisory and independent director capacities. His involvement in capital structuring, mergers & acquisitions, and execution of complex financial transactions has contributed significantly to strategic and financial decision-making across various organizations.

Strategic Value Addition

Choice International Limited expects Mr. Jain's appointment to bring substantial value to the organization. His deep expertise in financial structuring and capital markets is anticipated to support and strengthen the company's strategic advisory capabilities and contribute to its long-term growth objectives.

The appointment reflects the company's commitment to enhancing its advisory framework with seasoned professionals who bring decades of relevant industry experience and proven track records in financial management and strategic planning.

Patodia Properties Private Limited has filed a regulatory disclosure regarding the release of pledged shares in Choice International Limited, as mandated under SEBI's substantial acquisition and takeover regulations. The disclosure, dated April 04, 2026, pertains to the release of margin pledge shares executed on March 30, 2026.

Share Pledge Release Details

The company released a pledge on 9.50 lakh shares of Choice International Limited, which were previously encumbered in favor of National Securities Clearing Corporation Ltd. This transaction represents a margin pledge release that has reduced Patodia Properties' encumbered shareholding in the target company.

Updated Shareholding Position

Following the pledge release, Patodia Properties Private Limited's shareholding structure in Choice International has been modified. The company continues to hold 84.70 lakh shares, representing 3.80% of Choice International's total share capital, but the encumbered portion has decreased significantly.

Promoter Group Holdings Overview

The comprehensive disclosure reveals the extensive promoter group structure of Choice International Limited. The promoter group collectively holds 12.78 crore shares, representing 57.37% of the company's total share capital. Key promoter group members include various Patodia family entities and individuals, along with persons acting in concert.

Major Promoter Holdings

• Mrs. Vinita Sunil Patodia: 2.48 crore shares (11.13%)
• Mr. Arunkumar Poddar: 1.62 crore shares (7.27%)
• Mr. Kamal Poddar: 1.60 crore shares (7.18%)
• Mr. Suyash Sunil Patodia: 92.00 lakh shares (4.13%)
• Mrs. Hemlata Kamal Poddar: 80.00 lakh shares (3.59%)
• Mrs. Sonu Poddar: 80.00 lakh shares (3.59%)

Regulatory Compliance

The disclosure was submitted to both BSE Limited and NSE Limited, where Choice International's shares are listed. The filing complies with Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates disclosure of encumbrance creation, release, or invocation by promoters and promoter group entities.

The document was digitally signed by Suyash Sunil Patodia, Director of Patodia Properties Private Limited (DIN: 09489670), ensuring proper authorization and compliance with regulatory requirements for such disclosures.