Summary of Key Information:

Acquirer / Seller / Promoter:

  • Seller: Royal Orchid Hotels Limited (ROHL)
  • Acquirer: M/s Greenleaf Properties Limited
  • Individual Sellers: Mr. Chander Kamal Baljee (3.33% stake)

Target Company: Multi Hotels Limited

Stock Exchange Listings:

  • NSE Scrip Code: ROHLTD
  • BSE Scrip Code: 532699

Nature of Transaction / Event: Shareholding sale of subsidiary company

Date of Transaction:

  • Agreement Date: 29/01/2026
  • Completion Date: 02/06/2026

Number of Shares Affected: Not explicitly stated (96.37% stake sold by ROHL)

% of Total Shareholding / Voting Capital Affected: 96.37% held by ROHL plus 3.33% by C.K. Baljee (total 99.7%)

Mode of Transaction / Action: Private agreement sale

Consideration (if disclosed): USD 3,412,500 (approximately ₹28.5 crore at current exchange rates)

Shareholding / Promoter Snapshot (Before & After):

Before Transaction / Event:

  • ROHL held 96.37% of Multi Hotels Limited
  • Mr. Chander K Baljee held 3.33% of Multi Hotels Limited

After Transaction / Event:

  • Multi Hotels Limited ceased to be subsidiary of ROHL effective 02/06/2026
  • ROHL and C.K. Baljee no longer hold any stake in Multi Hotels Limited

Other Noteworthy Information:

  • The subsidiary had not started operations and contributed no turnover/revenue
  • Transaction qualifies as related party transaction since Chairman C.K. Baljee held 3.33% stake
  • Transaction conducted at arm's length basis
  • Additional interested parties: Mrs. Sunita Baljee (Director, wife of C.K. Baljee) and Mr. Keshav Baljee (Director, son of C.K. Baljee) deemed interested parties
  • Buyer: Greenleaf Properties Limited, registered in Tanzania (Certificate of Incorporation number 70134)
  • Buyer not related to promoter/promoter group/group companies
  • Regulatory compliance: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-Pod1/P/CIR//2023/123 dated July 13, 2023