Shree Shakambhari Exims Private Limited has announced the release of pledged shares in Choice International Limited, filing the mandatory disclosure under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The regulatory filing was submitted to BSE and NSE on April 04, 2026.

Share Pledge Release Details

The company released its pledge on 10.60 lakh shares of Choice International Limited on March 30, 2026. These shares were previously pledged with the National Securities Clearing Corporation Limited as margin pledge.

Impact on Shareholding Pattern

Prior to the pledge release, Shree Shakambhari Exims held 24.00 lakh shares representing 1.08% of Choice International's total share capital, all of which were encumbered. Following the release of 10.60 lakh shares from pledge, the company's encumbered shareholding has reduced to 13.40 lakh shares, representing 0.60% of the total share capital.

Promoter Group Holdings

The comprehensive disclosure reveals the complete promoter group structure of Choice International Limited. The total promoter group holding stands at 12.78 crore shares, representing 57.37% of the company's share capital. Key promoter group entities include:

• Mrs. Vinita Sunil Patodia: 2.48 crore shares (11.13%)
• Mr. Arunkumar Poddar: 1.62 crore shares (7.27%)
• Mr. Kamal Poddar: 1.60 crore shares (7.18%)
• Mr. Suyash Sunil Patodia: 92.00 lakh shares (4.13%)

The total encumbered shares across the promoter group now stand at 1.44 crore shares, representing 6.47% of the total share capital, down from the previous 1.55 crore shares (6.95%).

Regulatory Compliance

The disclosure was made in accordance with Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates promoters to inform stock exchanges about any encumbrance creation, release, or invocation on their shareholdings. The filing was signed by Anil Chothmal Patodia, Director of Shree Shakambhari Exims Private Limited, bearing DIN 00073993.

Choice International has announced the acquisition of 100% equity stake in Optimo Investment Adviser Private Limited for Rs 1,000, making it a wholly owned subsidiary. The transaction was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Acquisition Details

The acquisition involves purchasing 10,000 equity shares of Optimo Investment Adviser Private Limited at a price of Rs 0.1 per share, totaling Rs 1,000. The shares are being acquired from existing shareholders Mr. Ajay Kejriwal and Mrs. Babita Kejriwal, who are related parties of Choice International Limited.

Financial Position of Target Company

Optimo Investment Adviser Private Limited has remained operationally inactive since its incorporation. As of March 31, 2025, the company reported nil turnover and a negative net worth of Rs (98,022). The company has not generated any revenue in the last three financial years from 2022-23 to 2024-25.

Strategic Objectives and Name Change

Choice International Limited plans to utilize Optimo for undertaking support services activities. The company has filed an application with the Ministry of Corporate Affairs seeking approval to change Optimo's name from "Optimo Investment Adviser Private Limited" to "Choice Unified Services Private Limited" or such other name as may be approved.

The acquisition is intended to enhance operational efficiency, optimize costs, and support group-wide activities in line with Choice International's strategic objectives. Given Optimo's current negative profitability, its valuation has been determined at Rs 1,000.

Related Party Transaction

The transaction constitutes a related party transaction as the shares are being acquired from Mr. Ajay Kejriwal and Mrs. Babita Kejriwal, who are related parties of Choice International Limited. The company has stated that the transaction is being executed on an arm's length basis, based on an independent valuation.

No governmental or regulatory approvals are required for this acquisition, and the company has not specified an indicative time period for completion of the transaction.