BSEInsider Trading / SAST31 Aug 2026 · 31 Aug 2026, 04:11 pm
The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
Asian Hotels (West) Ltd · 533221
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Asian Hotels (West) Ltd has received a disclosure under Regulation 10(5) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding the proposed acquisition of 9,51,141 equity shares by Sandeep Gupta from Vinita Gupta through a gift, which will increase his shareholding to 16.32%.
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Full Announcement
Asian Hotels (West) Ltd - 533221 - Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011
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The Manager - Listing The Manager - Listing
Dept of Corp. Services, National Stock Exchange of India Ltd
BSE Limited Exchange plaza, Bandra Kurla Complex
P.J. Towers, Dalal Street, Fort, Bandra East
Mumbai-400 001 Mumbai- 400 051
Dear Sir/Madam
Sub: Prior Intimation under Regulation 10(5) of Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for proposed acquisition
of shares by way of gift
Ref: Company: Asian Hotels (West) Limited
Please find enclosed herewith prior intimation via disclosures as required under Regulation 10(5) of
SEBI (SAST) Regulations, 2011 for acquisition of 9,51,141 (Nine Lakh Fifty-One Thousand One
Hundred Forty-One) equity shares of the Company by way of promoters' inter-se transfer amongst
immediate relatives of the Company in the following manner:
Proposed date Name of the Name of the Person No. of shares
of Transfer Person belonging belonging to Promoter proposed to be
to Promoter Group- acquired/disposed
Group- Transferee/acquirer
Transferor/Seller
On or after Vinita Gupta Sandeep 9,51,141
03.09.2026 Gupta
We further confirm that the disclosure has been suitably revised in accordance with your requirements
and includes the names of the Acquirer, Transferor/Seller and the Persons Acting in Concert
(PACs), wherever applicable.
Kindly take the same on record and acknowledge the receipt.
Yours Sincerely
Sandeep Gupta
4/11, Shanti Niketan,
New Delhi‐110021
Date: 27th August, 2026
Place: New Delhi
Annexure
Format for Disclosures under Regulation 10(5) - Intimation to Stock Exchanges in respect of
acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
1. Name of the Target Company (TC) Asian Hotels (West) Limited
2. Name of the acquirer(s) Sandeep Gupta
3. Whether the acquirer(s) is/ are promoters of the TC Yes
prior to the transaction. If not, nature of relationship
or association with the TC or its promoters
4. Details of the proposed acquisition
a. Name of the person(s) from whom shares are Vinita Gupta
to be acquired
b. Proposed date of acquisition 03.09.2026
c. Number of shares to be acquired from each 9,51,141
person mentioned in 4(a) above
d. Total shares to be acquired as % of share 8.16%
capital of TC
e. Price at which shares are proposed to be Nil - Gift
acquired
f. Rationale, if any, for the proposed transfer -
5. Relevant sub-clause of regulation 10(1)(a) under 10(1)(a)(i)
which the acquirer is exempted from making open
offer
6. If, frequently traded, volume weighted average 563.07
market price for a period of 60 trading days
preceding the date of issuance of this notice as
traded on the stock exchange where the maximum
volume of trading in the shares of the TC are
recorded during such period.
7. If in-frequently traded, the price as determined in Not applicable
terms of clause (e) of sub-regulation (2) of
regulation 8.
8. Declaration by the acquirer, that the acquisition Nil – Shares are proposed to be acquired
price would not be higher by more than 25% of the by way of gift without consideration
price computed in point 6 or point 7 as applicable.
9. i. Declaration by the acquirer, that the transferor Yes complied
and transferee have complied (during 3 years
prior to the date of proposed acquisition) / will
comply with applicable disclosure requirements
in Chapter V of the Takeover Regulations,
2011
(corresponding provisions of the repealed
Takeover Regulations, 1997)
ii. The aforesaid disclosures made during
previous 3 years prior to the date of proposed
acquisition to be furnished.
10. Declaration by the acquirer that all the Yes
conditions specified under regulation 10(1)(a)
with respect to exemptions has been duly
complied with.
11. Shareholding details Before the After the
proposed proposed
transaction transaction
No. of % w.r.t No. of % w.r.t
shares total shares total
/voting share /voting share
rights capital of rights capital
TC of TC
a Acquirer(s) – Sandeep Gupta 9,50,833 8.16% 19,01,97 16.32%
PACs (other than sellers) (*)
1. Gunjan Jain 1,61,810 1.39% 1,61,810 1.39%
2. Madhu Jain 1,02,215 0.88% 1,02,215 0.88%
3. Renu Arun Aggarwal 49,500 0.42% 49,500 0.42%
4. Chaman Lal Gupta And Sons HUF 85,000 0.73% 85,000 0.73%
b Seller (s) – Vinita Gupta 11,51,141 9.88% 2,00,000 1.72%
Note:
(*) Shareholding of each entity may be shown separately and then collectively in a group.
The above disclosure shall be signed by the acquirer mentioning date & place. In case,
there is more than one acquirer, the report shall be signed either by all the persons or by
a person duly authorized to do so on behalf of all the acquirers.
Sandeep Gupta
4/11, Shanti Niketan,
New Delhi‐110021
Date: 27th August, 2026
Place: New Delhi