Choice International Promoter Pledges 6 Lakh Shares for Third-Party Credit Facility
Arun Kumar Poddar, promoter of Choice International Limited, pledged 600,000 shares (0.28% of total share capital) to ICICI Bank on November 14, 2025. The pledge serves as collateral for a third-party credit facility. Post-pledge, Poddar retains 16,200,000 shares, representing 7.75% of the company's total share capital.

*this image is generated using AI for illustrative purposes only.
Choice International Limited , a prominent player in the financial services sector, has recently witnessed a significant corporate action involving its promoter, Arun Kumar Poddar. On November 14, 2025, Poddar pledged a portion of his shareholding as collateral for a credit facility availed by a third party.
Key Details of the Share Pledge
| Aspect | Details |
|---|---|
| Promoter Name | Arun Kumar Poddar |
| Number of Shares Pledged | 6,00,000 |
| Percentage of Total Share Capital | 0.28% |
| Pledged to | ICICI Bank |
| Purpose | Collateral for Third-Party Credit Facility |
| Date of Encumbrance | November 14, 2025 |
Promoter's Shareholding Post-Pledge
| Aspect | Details |
|---|---|
| Total Shares Held by Promoter | 16,200,000 |
| Percentage of Total Share Capital | 7.75% |
This corporate action highlights the ongoing financial activities within the promoter group of Choice International Limited. The pledge of shares by Arun Kumar Poddar to ICICI Bank serves as collateral for a credit facility, although it's important to note that this facility has been availed by a third party and not by the promoter or the company directly.
Despite the pledge, Poddar continues to hold a significant stake in the company, retaining 16,200,000 shares, which represents 7.75% of Choice International's total share capital. This substantial holding suggests that the promoter maintains a strong interest in the company's performance and governance.
Investors and market watchers may want to keep an eye on any further developments or disclosures from the company regarding this transaction or any related financial arrangements. As always, it's crucial for stakeholders to consider such corporate actions in the broader context of the company's overall financial health and market position.
Historical Stock Returns for Choice International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -0.12% | -2.70% | +10.83% | +50.36% | +939.64% |
















































