Promoter Arun Kumar Saraf is set to increase his stake in Robust Hotels Limited by acquiring 20,26,520 equity shares via a gift from Mrs. Ratna Saraf. The transaction, involving 11.72% of the company's total share capital, is scheduled to be completed on or before June 30, 2026. This inter-se transfer amongst immediate relatives is exempt from the requirement to make an open offer under Regulation 10(1)(a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The prior intimation was submitted to the stock exchanges on June 23, 2026, in compliance with Regulation 10(5) of the SEBI (SAST) Regulations. The disclosure confirms that the transferor and transferee have complied, and will continue to comply, with the applicable disclosure requirements outlined in Chapter V of the Takeover Regulations, 2011. The acquisition is being executed at a nil consideration as it is structured as a gift.

Shareholding Pattern

The transfer will result in a significant realignment of the shareholding within the promoter group. Mr. Arun Kumar Saraf's individual holding will rise from 0.08% to 11.80%, while the holding of Mrs. Ratna Saraf, the transferor, will decrease from 23.44% to 11.72%. Consequently, the total shareholding of the acquirer and persons acting in concert (PACs), excluding the seller, will increase substantially.

The transaction falls under the general exemption provided by Regulation 10(1)(a)(i), which covers inter-se transfers amongst promoters. The acquirer has confirmed that all conditions specified under the relevant regulation have been duly complied with. The filing was signed by Mr. Arun Kumar Saraf in his capacity as the acquirer and promoter of Robust Hotels Limited.

Asian Hotels (East) Limited will transfer unclaimed dividends for the financial year ended March 31, 2019, and the corresponding equity shares to the Investor Education and Protection Fund (IEPF) on September 10, 2026. The transfer follows the provisions of Section 124(6) of the Companies Act, 2013, and Rule 6 of the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. The company has informed that individual communications have been sent to affected shareholders, and details are available on its website.

Shareholders whose shares are liable for transfer must submit valid claims on or before August 31, 2026. If no claim is received by this date, the company will proceed to transfer the equity shares and unclaimed dividends to the IEPF Authority without further notice. Original share certificates registered in the name of concerned shareholders will stand automatically cancelled and deemed non-negotiable upon transfer.

Following the transfer, any corporate benefits arising from such shares will be credited to the IEPF, and voting rights on these shares will remain frozen until the rightful owner claims them. The company stated that no claim shall lie against it regarding the unclaimed dividend and shares once transferred. Shareholders can claim the equity shares and dividends from the IEPF Authority by following the guidelines specified in Rule 7 of the IEPF Rules.

Key Dates for Shareholders

For queries, shareholders may contact the company's Registrar and Share Transfer Agent, M/s KFin Technologies Ltd. The contact details include Mr. Suresh Babu D., Senior Manager, at Selenium Building, Tower-B, Hyderabad, or via email at einward.ris@kfintech.com .