Sayaji Hotels (Indore) Limited , recently saw a significant share pledge by Century 21 Officespace Private Limited, a company reclassified as its promoter. Century 21 Officespace pledged 1,78,000 equity shares in Sayaji Hotels (Indore), representing 5.84% of its total promoter holding, as disclosed to the Bombay Stock Exchange (BSE).

Key Details of the Share Pledge

Background and Context

Century 21 Officespace's disclosure follows its recent reclassification from the 'Public' category to the 'Promoter' category after completing an open offer. This change in status has brought new disclosure obligations for the company.

Implications and Compliance

The pledge disclosure aligns with the regulatory requirements set by the Securities and Exchange Board of India (SEBI). Under Regulation 31(1) and 31(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, promoters must disclose any encumbrance on their shares to both the stock exchanges and the target company.

Current Shareholding

Following this pledge, Century 21 Officespace's holding in Sayaji Hotels (Indore) stands as follows:

This pledge represents a significant portion of Century 21 Officespace's holding in Sayaji Hotels (Indore), potentially indicating the company's need for short-term liquidity. However, it's important to note that share pledges are a common financial tool used by promoters and do not necessarily imply any immediate concerns about the company's financial health.

Investors and market watchers may keep a close eye on any further developments or changes in the promoter's shareholding pattern in Sayaji Hotels (Indore) Limited.

Sayaji Hotels (Indore) Limited has reported that Century 21 Officespace Private Limited, recently reclassified as a promoter, has disclosed the pledging of 1,78,000 shares, representing a 5.842% stake in the company. This disclosure aligns with SEBI regulations following Century 21 Officespace's transition from the 'Public' to 'Promoter' category.

Key Details of the Share Pledge

Background and Compliance

Century 21 Officespace Private Limited submitted this disclosure to the Bombay Stock Exchange (BSE) on October 25, 2025, following the completion of an open offer that resulted in its reclassification from the 'Public' to 'Promoter' category. The company stated that the pledge was created on August 1, 2024, before its categorization as a promoter of Sayaji Hotels (Indore) Limited.

Regulatory Context

The disclosure complies with the requirements set by the Securities and Exchange Board of India (SEBI) under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These regulations require promoters to disclose any encumbrance, including pledges, on their shareholdings in listed companies.

Implications

While the pledge represents a significant portion of Century 21 Officespace's holding in Sayaji Hotels (Indore) Limited, such arrangements are common for companies seeking to meet short-term financial needs. Investors and market observers may monitor any future changes in the pledged position or overall promoter holding for potential impacts on the company's ownership structure.

The timely disclosure of this information demonstrates Century 21 Officespace's commitment to transparency and regulatory compliance in its new role as a promoter of Sayaji Hotels (Indore) Limited.