Choice International Limited has announced that its subsidiaries have secured significant government contracts worth ₹55 crores across multiple states in India. The comprehensive project portfolio spans 12 distinct assignments covering infrastructure development, digital transformation, and specialized consulting services through three key subsidiaries: Choice Consultancy Services Private Limited (CCSPL), Choice Capital Advisors Private Limited (CCAPL), and Ayoleeza Consultants Private Limited (ACPL).

Major Project Portfolio Overview

The secured contracts represent a diverse range of government initiatives across various sectors:

Key Infrastructure and Development Projects

Educational Infrastructure Development

CCSPL will prepare Detailed Project Reports (DPR) for approximately 800 government schools across Karnataka, involving comprehensive site surveys, architectural planning, and structural designs. The ₹17.86 crore project includes detailed cost estimation and technical feasibility studies for modernizing educational facilities.

Digital Transformation Initiatives

The e-governance portfolio includes the computerization of 1,083 Primary Agricultural Credit Societies in Karnataka worth ₹11.44 crores and establishment of a state-of-the-art Media Monitoring Centre for Maharashtra government worth ₹9.98 crores. The media monitoring project will utilize AI-based analytical tools for real-time tracking across print, TV, digital, and social media platforms.

Specialized Consulting Services

Project Management and Advisory

The subsidiaries have secured multiple Project Management Unit (PMU) assignments including:

Infrastructure and Technical Services

ACPL will provide Project Supervision Services for South Central Railway's Gati Shakti Hyderabad Unit worth ₹5.07 crores and prepare highway infrastructure DPRs for NH-160H and NH-347C sections in Maharashtra worth ₹2.42 crores.

Technology and Surveillance Solutions

CCSPL has been awarded a ₹1.51 crore contract to provide cloud-based CCTV and surveillance solutions across 73 locations in Andhra Pradesh, including deployment of Video Management System for 584 cameras and 150 TB cloud storage capacity.

Strategic Market Positioning

This ₹55 crore contract portfolio demonstrates Choice International's subsidiaries' capabilities across diverse government sectors. The projects span infrastructure development, digital transformation, financial advisory, and specialized consulting services across multiple states including Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Odisha, Chhattisgarh, and Assam.

The successful acquisition of these contracts positions Choice International's subsidiaries as key players in government modernization initiatives, showcasing their expertise in handling complex multi-state projects that meet stringent government standards and regulatory requirements.

Choice International has received a disclosure from its promoter Patodia Properties Private Limited regarding the release of pledged shares under SEBI Takeover Regulations. The disclosure, dated March 13, 2026, pertains to the release of encumbrance on shares held by the promoter group.

Share Pledge Release Details

Patodia Properties Private Limited released pledge on shares of Choice International Limited on March 9, 2026. The key details of this transaction are presented below:

Updated Shareholding Position

Following the pledge release, Patodia Properties' encumbered shareholding in Choice International has been reduced significantly:

Promoter Group Holdings Overview

The disclosure also provides a comprehensive view of the entire promoter group's shareholding in Choice International. The promoter group collectively holds 12.78 crore shares, representing 57.37% of the total share capital. Key promoter group members include:

• 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%)

Regulatory Compliance

The disclosure was made in compliance with Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to inform stock exchanges about any encumbrance creation, release, or invocation on their shareholding. The disclosure was submitted to both BSE Limited and NSE Limited, where Choice International's shares are listed.

The release of pledge indicates improved financial flexibility for Patodia Properties Private Limited, as a portion of their shareholding is now free from encumbrance. This development provides the promoter with greater operational freedom regarding their stake in Choice International Limited.