Juniper Hotels Limited disclosed that its promoters and promoter group have not created any encumbrance on their shareholding during the financial year ended March 31, 2026. The confirmation was submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure ensures that the shareholding of the promoters remains free from any direct or indirect charges or liens during the specified period.

The company received confirmations from various members of the promoter group. Arun Kumar Saraf, on behalf of himself and other promoters, formally declared the absence of any encumbrance. The confirmation was addressed to the Chairman of the Audit Committee and the stock exchanges.

Promoter Disclosures

The following entities confirmed that they have not made any encumbrance directly or indirectly in respect of their shareholding in Juniper Hotels during FY26:

Corporate Promoter Confirmations

Saraf Hotels Limited, a promoter entity based in Mauritius, also submitted a confirmation to the Audit Committee and the exchanges. Rathee Jugessur, Director, signed the declaration on behalf of Saraf Hotels Limited on April 3, 2026. Similarly, Two Seas Holdings Limited confirmed that it had not encumbered its shares during the financial year. The declaration was signed by David A. Peters, Director, on April 3, 2026.

The disclosures were filed by Sandeep L. Joshi, Company Secretary and Compliance Officer of Juniper Hotels Limited. The submissions were made to the exchanges on April 9, 2026, for information and appropriate dissemination.

Juniper Hotels has corrected the execution date of the Share Purchase Agreement (SPA) for the acquisition of 100% share capital of Juniper Hospitality Assets Private Limited to June 04, 2026. The company clarified that the previously reported date of June 02, 2026 was due to a typographical error. The acquisition aims to develop a 5-star hotel property on a land parcel in Sector 23, Dwarka, New Delhi, admeasuring approximately 2.524 acres. Following the transaction, Juniper Hospitality Assets Private Limited has become a wholly owned subsidiary of the company.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the disclosure was submitted within the prescribed timeline, and the discrepancy arose solely from the clerical error in the initial announcement. The additional disclosures required under Regulation 30 and the SEBI Master Circular dated January 30, 2026, have been submitted to the exchanges.

Transaction Details

The transaction is classified as a related party transaction under the Companies Act, 2013, and SEBI Listing Regulations, 2015. Mr. Arun Kumar Saraf, a promoter of Juniper Hotels Limited, and Mr. Varun Saraf, belonging to the promoter group, were the seller shareholders. Juniper Hospitality Assets Private Limited was incorporated on March 17, 2026, with a minimum paid-up capital of ₹1 lakh. Since the entity is a recently incorporated special purpose vehicle holding the land for development, the requirement of determining arm's length pricing is not applicable.