NSEGeneral Updates20 Aug 2026 · 20 Aug 2026, 07:49 pm
General Updates
Choice International Limited · CHOICEIN
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Choice International Limited has completed the acquisition of 100% stake of Choice Proptech Solutions Private Limited, a technology-driven real estate distribution, marketing, and advisory services company, for ₹6,22,20,000.
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Full Announcement
Update on Acquisition of 100% stake of Choice Proptech Solutions Private Limited.
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REF: CIL/CC/41/2026-27
August 20, 2026
To To,
The Corporate Service Department The Department of Corporate Services,
The BSE Limited The NSE Limited
Phiroze Jeejeebhoy Towers, 5th Floor, Exchange Plaza
Dalal Street, Mumbai – 400001 Plot No. C/ 1, G Block,
Bandra – Kurla Complex,
Bandra (East), Mumbai – 400 051
Scrip Code: 531358
ISIN: INE102B01014 Scrip Code: CHOICEIN
Sub: Disclosure of Material Event/ Information under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Acquisition of stake in Choice Proptech Solutions Private Limited
Dear Sir/ Madam,
we refer to our earlier disclosure bearing Ref. No. CIL/CC/34/2026-27 dated August 10, 2026, Pursuant to
Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), wherein the Company had informed
about the arrangement entered into for the acquisition of 10,000 equity shares of ₹10 each, representing 100%
of the paid-up equity share capital of Choice Proptech Solutions Private Limited (“CPSPL”) from Choice
Consultancy Services Private Limited, a subsidiary of the Company at a consideration of ₹6,222 per equity share,
aggregating to ₹6,22,20,000 (Rupees Six Crore Twenty-Two Lakh Twenty Thousand only).
Further to the aforesaid disclosure, we hereby inform that the Company has today completed the acquisition of
10,000 equity shares of the face value of Rs.10/- each, representing 100% of the subscribed and paid-up equity
share capital of Choice Proptech Solutions Private Limited.
Consequent upon completion of the aforesaid acquisition, CPSPL has become a wholly owned subsidiary of the
Company from being its step down subsidiary.
The details required under Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed herewith as ‘Annexure-A’.
Kindly take the above document on your record.
Thanking You,
Yours Truly,
For Choice International Limited
Karishma Shah
Company Secretary & Compliance Officer
ANNEXURE A
Details under Para A of Part A of Schedule III of the LODR Regulations
Sr. No. Particulars Responses
1. Name of the target entity, details in brief such Choice Proptech Solutions Private Limited
as size, turnover etc.
The Company has today completed the acquisition of 10,000
equity shares of face value ₹10/- each at an issue price of
₹6,222 (Rupees Six Thousand Two Hundred and Twenty-Two)
per share of its step down subsidiary, Choice Proptech Solutions
Private Limited from Choice Consultancy Services Private
Limited, our subsidiary.
Other details: Details as on March 31, 2026 of:
a) Turnover (Rs. in lakhs): 245.57
b) Net worth (Rs. in lakhs) : 137.43
2. Whether the acquisition would fall within The transaction is a related party transaction and has been
related party transaction(s) and whether the undertaken on an arm's length basis at a consideration
promoter/ promoter group/ group companies determined by an independent Registered Valuer. The
have any interest in the entity being acquired? transaction has received the prior approval of the Audit
If yes, nature of interest and details thereof and Committee and the approval of the Board of Directors. The
whether the same is done at “arm’s length” transaction does not qualify as a material related party
transaction under Regulation 23 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 and,
accordingly, does not require the approval of the shareholders.
3. Industry to which the entity being acquired Technology-driven real estate distribution, marketing, and
belongs; advisory Services.
4. objects and impact of acquisition (including but The acquisition is part of an internal group restructuring to
not limited to, disclosure of reasons for simplify the Group's corporate structure and improve
acquisition of target entity, if its business is operational efficiency. There is no material impact on the
outside the main line of business of the listed business or operations of the listed entity. This acquisition does
entity) not result in any change in the business activities of the listed
entity.
5. brief details of any governmental or NA
regulatory approvals required for the
acquisition
6. indicative time period for completion of the NA
acquisition
7. consideration - whether cash consideration Particulars No. of Price per Total
or share swap or any other form and details shares share consideration
of the same (Amount (Amount in
in Rs.) Rs.)
Consideration 10,000 6,222 6,22,20,000
paid for
acquiring
Shares
Total 10,000 6,22,20,000
8. cost of acquisition and/or the price at which No of Shares acquired: 10,000
the shares are acquired Cost of acquisition – Rs. 6,22,20,000
INR. 6,222/- Per Share
9. percentage of shareholding/ control acquired The Company has acquired 10,000 fully paid up equity shares
and/or number of shares acquired of ₹10 each, constituting 100% of the paid-up equity share
capital of Choice Proptech Solutions Private Limited.
Consequently, the Company has acquired 100% shareholding
and control in the Target Company, which has become a direct
wholly owned subsidiary of the Company from being its step-
down subsidiary.
10. brief background about the entity acquired in Brief background about the entity acquired: “Choice Proptech
terms of products/line of business acquired, Solutions Private Limited”, incorporated under Companies Act,
date of incorporation, history of last 3 years’ 1956 is engaged in the business of developing and operating a
turnover, country in which the acquired technology-driven real estate distribution, marketing, and
entity has presence and any other significant advisory platform for facilitating the sale, purchase, leasing,
information (in brief) licensing, and transfer of real estate properties.
History of last 3 Year Turnover (Rs. In
years turnover Lakhs)
1st Previous year 2025-26 245.57
turnover
2nd Previous year 2024-25 213.64
turnover
3rd Previous year 2023-24 223.35
turnover
Date of Incorporation: March 09, 2011
Countries of presence: India
For Choice International Limited
Karishma Shah
(Company Secretary & Compliance Officer)