Apeejay Hotels: Karan Paul Acquires Additional Shares Under SEBI Disclosure

Apeejay Surrendra Park Hotels Limited has disclosed the acquisition of additional equity shares by promoter and director Karan Paul through on-market purchases. The transaction was disclosed under Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015, representing a routine shareholding adjustment within the promoter group structure.

Latest Acquisition Details

Karan Paul acquired a total of 27,042 fully paid-up equity shares through two separate on-market transactions executed on the National Stock Exchange. The purchases were conducted on consecutive days with specific transaction values disclosed to the exchanges.

Transaction Details: Information Total Shares Acquired: 27,042 equity shares Acquisition Date 1: March 19, 2026 (17,830 shares) Acquisition Date 2: March 20, 2026 (9,212 shares) Transaction Value 1: ₹19,89,471.40 Transaction Value 2: ₹9,94,896.00 Mode of Acquisition: On-market purchase Exchange: NSE

Updated Shareholding Position

The acquisition resulted in changes to Karan Paul's individual shareholding position in the company. His holding increased from 44,280 shares to 71,322 shares, representing 0.03% of the total share capital.

Shareholding Summary: Before Latest Acquisition After Latest Acquisition Karan Paul's Shares: 44,280 shares 71,322 shares Individual Percentage: 0.02% 0.03% Total Acquisition Value: - ₹29,84,367.40

Regulatory Compliance

The disclosure was made under Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015, and communicated to both NSE and BSE on March 21, 2026. Karan Paul holds the position of Director and Promoter in the company with PAN AENPP1798P and DIN 00007240. The company secretary Shalini Keshan (Membership No. ACS-014897) filed the necessary regulatory forms with the stock exchanges.

Company Structure

Apeejay Surrendra Park Hotels Limited has an equity share capital of ₹21,33,74,246 divided into 21,33,74,246 fully paid-up equity shares of ₹1 each. The company's shares are listed on BSE Limited (Scrip Code: 544111) and the National Stock Exchange of India Limited (Symbol: PARKHOTELS) with ISIN INE988S01028. Since the transaction involved on-market purchases, there was no change in the total share capital of the company.

Apeejay Surrendra Park Hotels Limited has announced that THE Lotus Palace Chettinad will host the Kalai Art and Architecture Festival, a comprehensive celebration of Chettinad's rich artistic heritage. The 4-day, 3-night immersive festival is scheduled from April 3-6, 2026, offering guests an in-depth exploration of one of India's most distinctive architectural legacies.

Festival Overview and Collaboration

The Kalai festival represents a unique collaboration between THE Lotus Palace Chettinad and several of the region's most iconic heritage properties. The participating venues showcase the breadth of Chettinad's architectural heritage:

Partner Properties: Details The Bangala Heritage property collaboration Visalam Historic mansion venue Chidambara Vilas Cultural heritage site Chettinad Mansion Traditional architecture showcase Saratha Vilas Heritage accommodation

The festival will unfold across centuries-old Chettiar mansions, sacred temples, and vibrant craft ateliers, providing guests with an intimate encounter with architectural traditions that celebrate a confluence of global influences and aesthetics.

Expert Speakers and Educational Content

The festival features presentations by three distinguished conservation architects and heritage experts, each bringing decades of specialized knowledge:

Sujatha Shankar brings over four decades of professional practice with deep commitment to heritage and contextual design. Her extensive portfolio spans architecture, planning, and interior design across varied project typologies and scales.

Sashikala Ananth contributes over three decades of research into Vastu, the classical Indian science of architecture. Her work focuses on studying and interpreting traditional principles of spatial harmony, orientation, and design embedded within India's architectural heritage.

Pradeep Chakravarthy serves as historian and author whose research explores temples, inscriptions, and cultural history of South India. Known for engaging lectures and compelling storytelling, he brings scholarly insight to the study of India's architectural and cultural heritage.

Festival Experience Components

The Kalai festival offers a comprehensive cultural immersion through multiple experience categories:

Accommodation: Stays in restored heritage mansions

Educational Tours: Expert-led architectural tours across historic sites

Cultural Programming: Traditional performances during evening events

Culinary Experiences: Authentic Chettinad cuisine presentations

Coordination Services: Centralized management by THE Lotus Palace Chettinad

Guests will traverse grand courtyards and ornate mansions while exploring temple architecture, participating in conversations with leading conservation voices, and taking immersive village walks. The festival positions itself as more than a cultural event, serving as a curated passage through space, structure, and story where art, architecture, and time converge.

Company Background

Apeejay Surrendra Park Hotels Limited operates as a leading hospitality sector player with upscale properties and diverse food and beverage offerings. Since inception in 1967 with the opening of its first Kolkata property under THE PARK brand, the company has expanded to operate 39 hotels across India through owned, leased, and managed properties.

The company's portfolio includes five distinct brands: THE PARK, THE PARK Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone, representing upscale and upper mid-scale categories. Beyond core hospitality services, the company maintains diverse food and beverage operations including restaurants, nightclubs, and bars, plus retail operations through the Flurys brand network of 105 outlets featuring kiosks, cafes, and restaurants.

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