Promoter Ratna Saraf Gifts 20.26 Lakh Shares of Asian Hotels (East) Ltd
Promoter Ratna Saraf gifted 20,26,520 equity shares of Asian Hotels (East) Limited to her son on August 31, 2026. This represents 11.72% of her shareholding. She previously held 23.44% of the company's shares.
The disposal of shares is an inter-se transfer within the promoter group (gift to son) and does not involve a change in ultimate control or a significant change in the promoter's overall stake percentage in the company. Therefore, the immediate market impact is expected to be minimal.
The transaction is a gift between promoter and son, which is a common intra-family transfer and does not inherently indicate a positive or negative change in the company's outlook or financial health.
Asian Hotels (East) Limited has disclosed a transaction involving one of its promoters, Ms. Ratna Saraf. Pursuant to Regulation 7(2)(b) of the SEBI (PIT) Regulations, 2015, the company has submitted a disclosure received from Ms. Ratna Saraf regarding the disposal of equity shares.
Ms. Ratna Saraf, a promoter of the company, gifted 20,26,520 equity shares, representing 11.72% of her total holding, to her son. This transaction occurred on August 31, 2026, as an off-market inter-se transfer. Prior to this disposal, Ms. Saraf held 40,53,040 shares, constituting 23.44% of the company's equity. Following the gift, her holding has reduced to 20,26,520 shares, still representing 11.72% of the total equity.
The disclosure was made on August 31, 2026, and the company disseminated this information on September 4, 2026.
A plain-language summary of a public exchange filing by Asian Hotels (East) Limited. Read the original for the full detail.
