Promoter's stake rises to 18.04% as 2,00,000 shares move by way of gift from Vinita Gupta

Promoter Sandeep Gupta has acquired 2,00,000 shares of Asian Hotels (West) Ltd from Vinita Gupta by way of gift.

Thu 8 Oct 2026

Shares Transferred

2,00,000 shares

Acquirer's Stake (After)

18.04% (21,01,974 shares)

Seller's Stake (After)

nil

Ownership moves within the promoter family

Asian Hotels (West) Ltd has shared a report with SEBI under Regulation 10(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The report covers an acquisition of shares by way of inter-se transfer by way of gift among the promoter / promoter group.

What changed hands

• Acquirer: Sandeep Gupta
• Seller: Vinita Gupta
• Relationship between acquirer and seller: Mother-Son
• Number of shares transferred: 2,00,000
• Acquisition price per share: NIL - Transfer by way of gift
• Date of acquisition: 30-09-2026

How the holdings move

• Acquirer Sandeep Gupta: 19,01,974 shares (16.32% of the total share capital) before the acquisition; 21,01,974 shares (18.04%) after it.
• Seller Vinita Gupta: 2,00,000 shares (1.72%) before the acquisition; nil after it.

Because this is a transfer between two members of the same promoter family, the shares remain within the promoter group.

Other promoter group holdings shown in the report (unchanged before and after)

• Gunjan Jain: 1,61,810 shares, 1.39%
• Madhu Jain: 1,02,215 shares, 0.88%
• Renu Arun Aggarwal: 49,500 shares, 0.42%
• Chaman Lal Gupta And Sons HUF: 85,000 shares, 0.73%

Price reference and exemption used

• The sixty-day volume-weighted average market price (VWAP) of the shares preceding the notice to the stock exchanges is stated as 563.07.
• The acquisition is stated to rely on the exemption in Regulation 10(1)(a)(i), with the acquirer declaring that all conditions of that exemption have been duly complied with.
• The acquirer confirms that the acquisition price test and the other conditions of the exemption have been met, and that the acquisition price per share is not applicable as this is a transfer by way of gift.

Update trail and fees paid

• Notice of the proposed acquisition was given to the stock exchanges on 22.09.2026.
• Report under Regulation 10(5): Shared 22.09.2026; report under Regulation 10(6): Shared 03.10.2026.
• Report under Regulation 10(7): dated 06-10-2026, submitted within 21 working days of the acquisition and accompanied by fees.
• Fees paid: Rs. 150000/- plus 18% GST of Rs. 27000/-, total Rs. 177000/-.

Encumbrance declarations

The update also carries yearly declarations under Regulation 31(4) in which the promoter, along with persons acting in concert, declares that their shareholding in Asian Hotels (West) Ltd was not encumbered, directly or indirectly, during the financial years ended March 31, 2024, March 31, 2025 and March 31, 2026. No pledge is stated.

• A note in these declarations records that Mr. Sushil Kumar Gupta died on 29.10.2021 and that the promoters' demat accounts are frozen, with transmission to take place once the accounts are unfrozen.
• The declaration for the year ended March 31, 2026 also notes that the Company has received a notice of revocation of suspension of trading of shares from NSE and BSE dated 25th March 2026, and that trading will resume w.e.f 2nd April 2026 in the restricted zone till further notice from the Stock Exchanges.

How a retail investor can read this

• This is a movement of shares between two people in the same promoter family, not a purchase from the open market. No cash consideration is involved, as the price per share is shown as NIL - Transfer by way of gift.
• The acquirer's personal stake increases from 16.32% to 18.04%, while the seller's holding of 1.72% goes to nil. The shares stay within the promoter group.
• The report is the disclosure required for such a transfer, and it lists the exemption relied upon, the price reference and the update dates. The declarations also state that the promoter shareholding was not encumbered during the three financial years covered.

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