Choice international has completed the acquisition of a 51% equity stake in Fintoo Wealth Private Limited, marking a strategic expansion into the technology-driven wealth management sector. The transaction, valued at INR 9,99,96,397, was disclosed under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

Acquisition Details

The acquisition involved purchasing 5,20,408 equity shares at INR 192.15 per share, giving Choice International majority control of Fintoo Wealth Private Limited. The transaction received requisite approval from the Securities and Exchange Board of India (SEBI), as referenced in the company's communication dated February 11, 2026.

Target Company Profile

Fintoo Wealth Private Limited operates a digital advisory platform providing comprehensive, goal-based financial advisory services. The company is a SEBI-registered Investment Adviser that leverages AI-driven technology to deliver financial planning solutions across multiple segments.

Service Portfolio

Fintoo Wealth's platform covers:

• Retirement planning
• Investment planning
• Debt management
• Tax planning
• Legacy and inheritance planning
• Insurance planning
• Emergency fund planning

Financial Performance

As of March 31, 2025, Fintoo Wealth Private Limited reported specific financial metrics that highlight its current market position.

Revenue History

The company's turnover history reflects its recent incorporation in FY 2023-24:

Strategic Rationale

The acquisition aligns with Choice International's strategy to strengthen its presence in the technology-driven investment advisory and wealth management segment. Fintoo Wealth's AI-based digital advisory platform complements the company's existing financial services business and is expected to enhance digital capabilities, expand customer reach, and create cross-selling synergies.

The business operations are aligned with Choice International's core financial services operations, representing a natural extension of the company's existing capabilities in the financial services sector. The transaction positions the company to leverage Fintoo Wealth's digital platform and SEBI-registered Investment Adviser status to expand its wealth management offerings.

Choice International has received a regulatory disclosure from its promoter entity Patodia Properties Private Limited regarding the release of share encumbrance under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Share Pledge Release Details

Patodia Properties Private Limited released a pledge on 3.20 lakh shares of Choice International Limited on February 03, 2026. The shares were previously pledged with National Securities Clearing Corporation Ltd as margin pledge.

Impact on Shareholding Pattern

Following the pledge release, Patodia Properties' encumbered shareholding in Choice International has been reduced significantly.

Promoter Group Holdings Overview

The comprehensive disclosure reveals the complete promoter group structure of Choice International Limited. The promoter group collectively holds 12.78 crore shares, representing 57.36% of the company's total share capital.

Key Promoter Holdings

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

Regulatory Compliance

The disclosure was filed with BSE and NSE on February 09, 2026, in compliance with Regulation 31(2) of SEBI takeover regulations. The filing was signed by Vinita Sunil Patodia, Director of Patodia Properties Private Limited (DIN: 06360364).

The release of pledge shares indicates improved financial flexibility for the promoter entity while maintaining its overall shareholding percentage in Choice International Limited unchanged at 3.80%.