Choice International promoter Arun Kumar Poddar releases pledge on 6 lakh shares
- Arun Kumar Poddar releases pledge on 6,00,000 shares (0.27% stake)
- His post-event encumbered holding drops to nil
- Promoter group retains 1,38,20,000 encumbered shares overall
- Disclosure filed under SEBI Regulation 31(2) on September 4, 2026
*this image is generated using AI for illustrative purposes only.
Promoter Arun Kumar Poddar released the encumbrance on 6,00,000 shares of Choice International , representing 0.27% of the total share capital. The release reduces the number of encumbered shares in his holding to nil.
The disclosure was made to the Bombay Stock Exchange and National Stock Exchange on September 4, 2026, pursuant to Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Promoter Holding Details
The filing details the shareholding pattern of the promoter group and persons acting in concert (PACs). Arun Kumar Poddar holds 1,62,00,000 shares, constituting 7.27% of the total equity. Prior to this release, he had 6,00,000 shares encumbered. Post-release, his encumbered holding stands at nil.
Other promoter entities retain existing encumbrances:
| Promoter Entity | Total Holding | Encumbered Shares | % Encumbered |
|---|---|---|---|
| Patodia Properties Pvt Ltd | 84,70,000 | 77,80,000 | 3.49% |
| Shreeyam Trade Dynamics Pvt Ltd | 55,37,000 | 45,00,000 | 2.02% |
| Shree Shakambhari Exims Pvt Ltd | 24,00,000 | 13,40,000 | 0.60% |
| Sunil Kumar Bagaria (PAC) | 14,00,000 | 2,00,000 | 0.09% |
Group Shareholding Structure
The promoter group and PACs collectively hold 1,27,84,22,92 shares, amounting to 57.39% of the total share capital. Of this aggregate holding, 1,38,20,000 shares remain encumbered, representing 6.20% of the total equity. Mrs Vinita Sunil Patodia is the largest individual holder within the group with 2,48,04,000 shares (11.13%), none of which are encumbered.
Historical Stock Returns for Choice International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.98% | -1.82% | -8.11% | +7.29% | -2.89% | 0.0% |
Will Arun Kumar Poddar's clearance of encumbrances signal a broader strategy to reduce debt leverage across the promoter group?
How might the remaining high encumbrance levels in entities like Patodia Properties impact investor confidence and stock liquidity?
Are there plans to release the encumbered shares held by other promoter entities, or do these pledges secure specific ongoing corporate liabilities?
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