Oberoi Realty Promoter Vikas Oberoi Confirms Zero Share Encumbrance for FY26 Under SEBI Takeover Code
Promoter Share Holdings Remain Unencumbered
Vikas Oberoi, Promoter of Oberoi Realty Limited, declared that he and persons acting in concert (PACs) did not create any encumbrance on their shareholding during the financial year ended March 31, 2026. The disclosure was submitted to BSE and NSE in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The PACs include R S Estate Developers Private Limited and specific family members. The filing confirms that, other than previously disclosed information, no new encumbrances were made directly or indirectly by the promoter or the PACs during FY26.
Regulatory Requirements and Market Transparency
Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 mandates that every promoter of a listed company must declare, on an annual basis, whether any encumbrance has been created on the shares held by them. This declaration requirement applies to all promoters of listed Indian companies and forms part of SEBI's broader framework for promoting transparency in capital markets.
This disclosure ensures that the promoter group's holdings remain unpledged, which is critical for shareholder confidence regarding ownership stability and corporate governance standards. Share encumbrances such as pledges, particularly when they exceed certain thresholds, can signal financial stress or create risks around control concentration, making annual certification of unencumbered holdings relevant to investor assessment.
The confirmation of unencumbered shares is a mandatory requirement under the Takeover Code to provide transparency regarding the financial standing of key shareholders.
About Oberoi Realty
Oberoi Realty Limited was incorporated on May 8 1998 as a Private Limited company with the name Kingston Properties Pvt Ltd. In October 2009 the name of the Company was changed from Kingston Properties Pvt Ltd to Oberoi Realty Pvt Ltd. The promoters of Oberoi Realty currently hold 67.7% of the company's total shares.
The company operates across residential, commercial office, retail, hospitality and social infrastructure verticals, with projects primarily concentrated in Mumbai and Thane. For FY26, the company achieved total bookings of 698 units worth ₹5,447 crore, demonstrating robust market demand for its properties.