Asian Hotels (West) saw its promoter group holding increase to 21.46% after acquiring 2,00,000 shares via an inter-se transfer on September 30, 2026. The transaction involved Sandeep Gupta and Persons Acting in Concert (PACs), with the shares gifted by Vinita Gupta.

The acquisition falls under the exemption provided in Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which permits transfers among immediate relatives without triggering an open offer. Sandeep Gupta filed the necessary disclosure with the stock exchanges on October 3, 2026, confirming the details of the gift transaction.

Promoter group shareholding changes

The transfer altered the individual positions within the promoter group. While Vinita Gupta exited her holding completely, the aggregate stake held by Sandeep Gupta and his PACs increased significantly. The PACs include Gunjan Jain, Madhu Jain, Renu Arun Aggarwal, and Chaman Lal Gupta And Sons HUF.

Regulatory compliance and timeline

The disclosure was made in accordance with Regulation 10(6) of the SEBI takeover regulations. The company confirmed that the preliminary disclosure required under Regulation 10(5) had been duly filed on September 22, 2026, within the stipulated timelines. The final report to the stock exchanges included all mandatory details regarding the transferor, transferee, and the nature of the acquisition.

What the numbers show

The transaction highlights a consolidation of equity within the immediate family structure. While the total number of shares held by the broader promoter group remains unchanged at the aggregate level excluding Vinita Gupta's exit, the concentration of ownership has shifted entirely to Sandeep Gupta. His individual stake expanded by 172 basis points to reach 18.04%, while the combined promoter group holding rose by 172 bps to 21.46%. This internal reallocation does not involve any cash consideration, as noted in the filing stating the price was NIL.

Promoter Sandeep Gupta acquired 9,51,141 equity shares of Asian Hotels (West) Limited from his mother, Vinita Gupta, through an inter-se transfer on September 9, 2026. The acquisition was executed at nil consideration.

The transaction increased the promoter group’s aggregate shareholding to 23,00,499 shares, representing 19.74% of the total voting capital. Sandeep Gupta’s individual holding rose to 19,01,974 shares, or 16.32%, while Vinita Gupta’s holding declined to 2,00,000 shares, or 1.72%.

Regulatory Compliance

The acquisition relied on the exemption provided under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the parties are immediate relatives. Consequently, no open offer was triggered.

The company filed the requisite report under Regulation 10(7) with SEBI on September 17, 2026, within the mandated 21 working days. Applicable fees totaling ₹1,77,000, including GST, were paid to the regulator.

Promoter Group Holdings

Other persons acting in concert (PACs) within the promoter group maintained unchanged stakes during this period:

What the Numbers Show

The transaction consolidates promoter ownership without altering the total promoter group stake relative to the pre-transfer combined holdings of the two immediate family members. Sandeep Gupta’s individual holding doubled from 8.16% to 16.32%, while Vinita Gupta’s reduced from 9.88% to 1.72%. This internal restructuring aligns with the ongoing transmission process for shares held by the late Sushil Kumar Gupta, whose demat accounts remain frozen pending unfreezing.

Trading Status Update

In a separate disclosure dated April 1, 2026, the promoters confirmed that their shareholdings were not encumbered during FY26. Trading in Asian Hotels (West) shares resumed on April 2, 2026, in the restricted zone following the revocation of suspension by NSE and BSE.