Asian Hotels (West) has disclosed that Sandeep Gupta acquired an 8.16% stake in the company through a gift transaction from Vinita Gupta. The transfer of 9,51,141 shares took place on September 9, 2026, and was reported to stock exchanges on September 11, 2026.

The acquisition was executed at nil price as an inter-se transfer among immediate relatives. This move brings Sandeep Gupta’s total shareholding in the hospitality firm to 16.32%, while Vinita Gupta’s holding reduces to 1.72%.

Transaction Details

The disclosure was made under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company confirmed that the acquisition falls under the exemption provided in Regulation 10(1)(a)(i), which exempts transfers among immediate relatives from making an open offer.

A preliminary disclosure under Regulation 10(5) was filed with the stock exchanges on August 27, 2026, adhering to the specified regulatory timelines.

Shareholding Changes

The following table outlines the shift in ownership percentages for both parties involved in the transaction:

Sandeep Gupta’s stake more than doubles following this transaction, consolidating his position within the promoter group. Conversely, Vinita Gupta retains a minimal holding of 2 lakh shares post-transfer.

What the Numbers Show

The transaction highlights a significant concentration of ownership within the immediate family circle. By transferring nearly all her shares (except 2 lakh) to Sandeep Gupta, the family structure simplifies its equity distribution. Sandeep Gupta now holds a combined 19,01,974 shares, representing a substantial block that likely enhances his influence over corporate governance decisions without triggering a mandatory open offer due to the familial exemption.

Asian Hotels (West) disclosed a proposed inter-se transfer of 9,51,141 equity shares from Mrs. Vinita Gupta to Mr. Sandeep Gupta by way of gift. The transaction, scheduled for September 3, 2026, involves no monetary consideration.

Both parties are members of the promoter group and are immediate relatives, specifically mother and son. The company filed the prior intimation under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms compliance with disclosure requirements in Chapter V of the Takeover Regulations over the preceding three years.

Shareholding Changes

The transfer will significantly alter the individual shareholding patterns within the promoter group while keeping the total promoter holding unchanged. Other Persons Acting in Concert (PACs), including Gunjan Jain, Madhu Jain, Renu Arun Aggarwal, and Chaman Lal Gupta And Sons HUF, will retain their existing stakes.

Mr. Sandeep Gupta’s stake will more than double, rising from 8.16% to 16.32% of the total share capital. Conversely, Mrs. Vinita Gupta’s holding will reduce from 9.88% to 1.72%.

Regulatory Exemption

The acquisition relies on the exemption provided under Regulation 10(1)(a)(i) of the SAST Regulations for transfers among immediate relatives. Consequently, no open offer is required. The acquirer has declared that all conditions specified under Regulation 10(1)(a) regarding exemptions have been duly complied with.

What the Numbers Show

The volume-weighted average market price for the 60 trading days preceding the notice was ₹563.07. While the transfer carries nil consideration due to its nature as a gift, the notional value of the shares transferred amounts to approximately ₹5.36 crore based on this VWAP. This indicates a significant consolidation of voting rights within a single promoter entity without any cash outflow or change in overall promoter control.