Robust Hotels Ltd promoter Arun Kumar Saraf gifted 2.03 million shares by Ratna Saraf

What Robust Hotels Ltd announced

On 2 July 2026 the company filed a disclosure with the Bombay Stock Exchange under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing records an inter‑se transfer of shares between two promoters – Mrs. Ratna Saraf and her son, Mr. Arun Kumar Saraf – executed by way of a gift. No cash consideration was involved and the overall promoter‑group holding in Robust Hotels Ltd remains unchanged.

Details of the share transfer

The letter, dated 1 July 2026, specifies that Mrs. Ratna Saraf transferred 2,026,520 shares to Mr. Arun Kumar Saraf. This amount corresponds to 11.72 % of the company’s total share capital. After the transfer, Arun Kumar Saraf’s holding increased to 20,39,618 shares, representing 11.80 % of the issued share capital. The promoter‑group’s aggregate holding before the transaction was 23.44 % (140,53,040 shares) and remains the same after the gift, as the shares moved only within the promoter family.

Regulatory framework and exemption

The transaction falls under Regulation 10(6) of the SEBI Takeover Code, which mandates disclosure of any acquisition of shares that could affect control of a listed entity. However, the transfer qualifies for an exemption under Regulation IO(l)(a)(i) because it is an inter‑se transfer between immediate relatives of promoters. The filing therefore satisfies the statutory requirement for transparency while confirming that the promoter‑group’s voting power is not altered.

Key facts at a glance

Why this matters for investors

The gift does not dilute existing shareholders because no new shares were issued; it merely reallocates ownership within the promoter family. Consequently, the voting power of the promoter group, which stands at roughly one‑quarter of total votes, is unchanged. For investors, the key implication is that the control dynamics of Robust Hotels Ltd remain stable, and there is no immediate impact on share capital or earnings per share. The disclosure also demonstrates compliance with SEBI’s transparency requirements, which can be viewed as a positive governance signal.

Conclusion

Robust Hotels Ltd has formally disclosed a promoter‑family share gift of 2.03 million shares from Ratna Saraf to Arun Kumar Saraf, effective 1 July 2026. The transaction, exempted under SEBI regulations, leaves the overall promoter holding at 23.44 % and does not affect the company’s capital structure. The filing satisfies regulatory obligations, and no further approvals or actions are pending regarding this specific share transfer.