Promoter Navin Chand Suchanti and his persons acting in concert (PACs) increased their holding in Sinclairs Hotels to 64.46% following an open market acquisition of 17,305 equity shares.

The transaction took place on September 15, 2026. The disclosure was filed with stock exchanges on September 17, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

Navin Chand Suchanti, the acquirer, purchased the shares in the open market. The acquisition raised his individual stake from 7.36% to 7.40%. The total promoter group holding, which includes six other individuals and two corporate entities, moved from 64.42% to 64.46%.

The company’s total voting capital remains unchanged at 5,12,60,000 equity shares of ₹2 each. There were no encumbrances, pledges, or convertible securities involved in this transaction.

Post-Transaction Holding Pattern

The following table outlines the shareholding structure of the promoter group after the acquisition:

Niren Chand Suchanti remains the largest individual shareholder within the group with a 23.83% stake. The corporate entities Pressman Properties Private Limited and Pressman Realty Private Limited hold 4.91% and 0.96% respectively.

Sinclairs Hotels shareholders approved all five agenda items at the 54th Annual General Meeting held on September 15, 2026. The meeting was conducted via video conferencing.

Total votes polled reached 33,132,051, representing 64.64% of the 51,260,000 outstanding shares as on the record date of September 8, 2026. Promoter and promoter group entities held 33,007,567 shares and voted in favor of every resolution with 100% support.

Voting Breakdown

Public non-institutional shareholders participated with 123,218 votes polled, accounting for 0.68% of their total holdings of 18,251,167 shares. Institutional public shareholders cast 1,266 votes, representing 100% of their stake.

Key Resolutions Passed

The ordinary resolution to receive and adopt the audited financial statements for FY26 passed with overwhelming support. The dividend declaration for FY26 also secured approval, though it saw slightly higher opposition from public non-institutional voters compared to other items.

Shareholders approved the appointment of Mr. Navin Chand Suchanti as a director liable to retire by rotation. The special resolution to re-appoint Mr. Sanjeev Kumar Khandelwal as an independent director for a second five-year term commencing May 26, 2027, was also passed. Mr. Khandelwal has over 41 years of experience in financial services and merchant banking.

Additionally, the re-appointment of Mr. Swajib Swapan Chatterjee as manager for five years effective May 26, 2027, received shareholder backing. Mr. Chatterjee brings over 31 years of hospitality sector experience, primarily with Sinclairs Hotels. The scrutinizer’s report confirmed that all resolutions were passed with the requisite majority under SEBI LODR regulations.