Navin Chand Suchanti, a promoter of Sinclairs Hotels Limited, has filed a disclosure under SEBI regulations following his recent acquisition of additional shares in the company. The transaction has resulted in an increase in his shareholding percentage from 6.03% to 6.11%.

Share Acquisition Details

The disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals that Suchanti acquired 38,781 shares through open market transactions conducted between March 10-11, 2026.

Transaction Structure

The acquisition was executed entirely through open market purchases, with no involvement of encumbered shares, warrants, or convertible securities. Suchanti's holdings consist solely of equity shares carrying voting rights, with no other instruments or encumbrances reported.

Company Share Capital

Sinclairs Hotels Limited's equity share capital structure remained unchanged following the transaction. The company maintains its total equity share capital at 5,12,60,000 equity shares of Rs.2 each. This represents both the current and diluted share capital, as no convertible securities or warrants are outstanding.

Regulatory Compliance

The disclosure was filed with multiple stock exchanges where Sinclairs Hotels Limited is listed, including BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited. The filing was digitally signed by Navin Chand Suchanti on March 12, 2026, ensuring compliance with SEBI's substantial acquisition disclosure requirements.

Market Presence

Sinclairs Hotels Limited trades on three stock exchanges with the following codes: BSE (523023), NSE (SINCLAIR), and Calcutta Stock Exchange (029074). The company's shares continue to be actively traded across these platforms following the promoter's increased stake.

Sinclairs Hotels Limited has disclosed another substantial acquisition of shares by its promoter Navin Chand Suchanti under SEBI regulations. The latest transaction represents a continued strategic increase in promoter shareholding through open market purchases conducted in March 2026.

Latest Share Acquisition Details

Navin Chand Suchanti acquired 30,535 equity shares through open market transactions between March 5 and March 6, 2026. This acquisition increased his total shareholding from 3,063,173 shares to 3,093,708 shares, representing a percentage increase from 5.97% to 6.03% of the company's total share capital.

Regulatory Compliance and Documentation

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal documentation was digitally signed and submitted on March 7, 2026, with Navin Chand Suchanti personally signing the disclosure letter from his address at Flat 8B, 8th Floor, 8 Alipore Park Place, Kolkata-700027.

All necessary regulatory filings were completed with BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Ltd. The disclosure demonstrates compliance with regulatory requirements for substantial shareholding changes.

Company Share Capital Structure

Sinclairs Hotels Limited maintains an equity share capital of 5,12,60,000 shares of Rs. 2 each, which remained unchanged before and after the acquisition. The total diluted share capital also stands at the same level, indicating no outstanding convertible securities or warrants.

Market Presence and Promoter Confidence

The company's shares are listed on three stock exchanges with different scrip codes. BSE Limited lists the shares under scrip code 523023, while National Stock Exchange uses the symbol SINCLAIR. The Calcutta Stock Exchange maintains the scrip code 029074 for trading purposes.

This latest acquisition demonstrates continued promoter confidence in the hospitality company, with Navin Chand Suchanti progressively increasing his ownership stake through market-based transactions, now holding over 6% of the company's total equity.