Plutus Wealth Management LLP has increased its shareholding in Choice International Limited to 8.66% from 6.25%, following a series of transactions that exceeded the 2% threshold requiring regulatory disclosure under SEBI regulations.

Transaction Details

The shareholding change occurred through two primary activities between January 30, 2026 and February 20, 2026. Plutus Wealth Management converted 66,66,667 warrants into equity shares, representing 2.99% of the total voting capital. Simultaneously, the firm sold 13,00,000 shares through open market transactions, representing 0.58% of the voting capital.

Shareholding Position

Prior to these transactions, Plutus Wealth Management held 1,39,33,333 shares carrying voting rights, representing 6.25% of Choice International's total voting capital. The firm also held 6,66,667 warrants, which represented 2.99% of the diluted share capital.

Company Capital Structure Changes

Choice International Limited's equity share capital increased following the warrant conversion. The company's total voting capital expanded from Rs. 2,14,78,88,330 (21,47,88,833 shares at face value of Rs. 10 each) to Rs. 2,22,77,65,000 (22,27,76,500 shares at face value of Rs. 10 each).

The total diluted share capital after the acquisition stands at Rs. 2,23,08,87,500, comprising 22,30,88,750 shares at the face value of Rs. 10 each.

Regulatory Compliance

Plutus Wealth Management LLP filed the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated February 23, 2026. The firm confirmed it does not belong to the promoter or promoter group of Choice International Limited.

Choice International Limited's shares are listed on both the National Stock Exchange of India Limited and BSE Limited. The disclosure was submitted to both exchanges as required under regulatory guidelines.

Choice International Limited has informed stock exchanges that its material subsidiary has been selected as the successful resolution applicant in a corporate insolvency resolution process. The development marks a significant milestone for the company's subsidiary in the insolvency resolution space.

Subsidiary Wins Resolution Bid

Choice Consultancy Services Private Limited (CCSPL), a material subsidiary of Choice International Limited, has been declared the successful resolution applicant by the Committee of Creditors of Feedback Infra Private Limited. The selection was made under the provisions of the Insolvency and Bankruptcy Code, 2016.

Letter of Intent Received

CCSPL has received a Letter of Intent (LOI) from the Resolution Professional of Feedback Infra Private Limited. The LOI confirms the approval of the Resolution Plan by the Committee of Creditors with the requisite majority, formally recognizing CCSPL's successful bid.

Regulatory Approvals Pending

The implementation of the Resolution Plan remains subject to several conditions and approvals:

• Terms and conditions specified in the Letter of Intent
• Approval of the National Company Law Tribunal
• Approval from other regulatory authorities, courts or tribunals as applicable under law

Future Disclosures

Choice International Limited has committed to making further disclosures as and when there are material developments in this matter. The company will keep stakeholders informed about the progress of the resolution plan implementation and any significant updates related to this acquisition.

The successful resolution bid represents a strategic move by Choice International's subsidiary in the infrastructure sector through the corporate insolvency resolution process.