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:

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.

Choice International completed the acquisition of a 100% stake in Choice Proptech Solutions Private Limited (CPSPL) on August 20, 2026. The transaction values the target at ₹6.22 crore.

The company acquired 10,000 equity shares of face value ₹10 each from its subsidiary, Choice Consultancy Services Private Limited. The deal price was ₹6,222 per share, aggregating to a total consideration of ₹6,22,20,000.

Transaction Details

This acquisition converts CPSPL from a step-down subsidiary into a direct wholly owned subsidiary of the listed entity. The transaction is classified as a related party transaction but does not qualify as a material related party transaction under Regulation 23 of the SEBI Listing Regulations. Consequently, shareholder approval was not required.

The Board of Directors and the Audit Committee approved the deal. An independent Registered Valuer determined the consideration, ensuring the transaction was conducted on an arm’s length basis.

Target Entity Profile

CPSPL operates in technology-driven real estate distribution, marketing, and advisory services. Incorporated on March 9, 2011, the entity facilitates the sale, purchase, leasing, and transfer of real estate properties across India.

Strategic Rationale

The company stated that the acquisition is part of an internal group restructuring aimed at simplifying the corporate structure and improving operational efficiency. Management confirmed there is no material impact on the business or operations of the listed entity, nor any change in its primary business activities.

No governmental or regulatory approvals were required for this transaction.