SAJ Hotels promoter holding rises to 59.05% after NSE buy

SAJ Hotels Limited disclosed that promoter Rahul Maganlal Timbadia bought 5,200 shares on the National Stock Exchange of India on 5 November 2026 for Rs 13.65 lakh, raising his reported holding to 9,52,200 shares, or 59.05%, from 58.72%.

How did SAJ Hotels promoter holding change on 5 November 2026?

SAJ Hotels reported that Rahul Maganlal Timbadia’s holding increased by 5,200 shares on 5 November 2026, taking his ownership from 9,47,000 shares to 9,52,200 shares. The disclosure identifies Timbadia as a promoter and records the post-purchase stake at 59.05%, compared with 58.72% before the transaction.

The percentage holding rose by 0.33 percentage points, based on the 58.72% pre-acquisition figure and the 59.05% post-acquisition figure stated in the Form B disclosure. This was a purchase rather than a sale, pledge, revocation or other transaction type under the disclosure format prescribed by the Securities and Exchange Board of India, or SEBI, Prohibition of Insider Trading Regulations, 2015.

The change is limited to the named promoter’s disclosed holding. SAJ Hotels’ filing does not provide a revised ownership breakdown for other promoters, promoter-group members, public shareholders or institutional investors as of 5 November 2026, so the document establishes Timbadia’s individual holding rather than the wider ownership structure.

What were the shares and consideration in the SAJ Hotels purchase?

SAJ Hotels said the transaction involved 5,200 equity shares with a disclosed value of Rs 13.65 lakh. The filing lists shares as both the security held before the acquisition and the security acquired, with no warrants, convertible debentures or rights entitlements reported for the 5 November 2026 transaction.

The comparison shows that the share count increased by 5,200 and the ownership percentage increased by 0.33 percentage points. The Rs 13.65 lakh figure applies to the acquired block, not to Timbadia’s entire post-transaction holding of 9,52,200 shares, and SAJ Hotels did not separately state the value of his pre- or post-purchase position.

The filing does not state a per-share execution price, brokerage cost, total market turnover or the identities of selling counterparties. It therefore documents the number of shares and aggregate transaction value required in the Form B notice, while leaving detailed trade-by-trade execution information outside the disclosed record.

How was the SAJ Hotels transaction executed and disclosed?

SAJ Hotels recorded the purchase as an open-market transaction executed on NSE on 5 November 2026. The Form B entry lists 05.11.2026 as the acquisition date, the trade date and the date on which the company was informed, placing the purchase and notification on the same date.

The company’s covering letter to the National Stock Exchange of India is dated 05/11/2026 and states that SAJ Hotels had received a disclosure from Rahul Maganlal Timbadia dated 05.11.2026. The letter was issued under Regulation 7(2) of the SEBI Prohibition of Insider Trading Regulations, 2015, which concerns continual disclosures of changes in holdings by specified insiders.

The mode of acquisition is specifically marked “Open Market,” distinguishing it from public issues, rights issues, preferential allotments, inter-se transfers and employee stock option plans, or ESOPs, named in the disclosure template. The exchange field is marked NSE, while the company’s stated International Securities Identification Number, or ISIN, is INE00MT01022.

SAJ Hotels’ disclosure describes the consideration as a buy transaction on the exchange, rather than an off-market transfer between identified parties. The document does not state whether the 5,200 shares were obtained through one order or multiple orders during the 5 November 2026 trading session, so no conclusion about order timing or liquidity can be drawn from this filing.

What does the SAJ Hotels filing say about derivatives and disclosure scope?

SAJ Hotels reported no derivative trading by Timbadia in the accompanying derivatives section. The fields for futures or options contract type, contract specifications, buy value, bought units, sell value, sold units and exchange are shown as dashes in the Form B disclosure dated 5 November 2026.

That absence means the filing records only the 5,200-share cash-market purchase for this disclosure. It does not establish that no derivatives in SAJ Hotels securities existed at any other time, because the document is limited to the trade disclosure submitted for the 5 November 2026 event.

The notice identifies Timbadia with Director Identification Number 00691457 as well as his promoter category. However, the transaction row reports a holding change in shares, from 58.72% to 59.05%, rather than describing any board decision, operating development, financial result, dividend proposal or capital-raising plan by SAJ Hotels.

The filing also does not state a target ownership level, a further planned purchase programme or a period over which Timbadia intends to acquire more shares. As a result, the reported 59.05% stake is a confirmed post-transaction position on 5 November 2026, not management guidance on future promoter ownership.

Conclusion

SAJ Hotels’ 5 November 2026 disclosure shows a measured increase in promoter ownership: Timbadia purchased 5,200 shares for Rs 13.65 lakh, lifting his holding to 9,52,200 shares and 59.05%. The purchase was reported as an NSE open-market trade, while the derivatives section contained no reported futures or options activity.

The next relevant disclosure would be any subsequent Regulation 7(2) notice recording a further change in Timbadia’s 59.05% holding or in other specified insiders’ holdings. SAJ Hotels’ 5 November 2026 filing does not disclose a further acquisition plan, ownership target, unresolved transaction or scheduled corporate event beyond the completed open-market purchase.