Notice of Postal Ballot for seeking shareholder''s approval for Voluntary Delisting of Equity shares of Ras Resorts And Apart Hotels Limited from the Stock Exchange.
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Ras Resorts & Apart Hotels Ltd is seeking shareholder approval via postal ballot for voluntary delisting of its equity shares from BSE. Promoters (Vishamber Shewakramani and family) currently hold 74.34% stake and propose to acquire 9,21,582 shares (23.22% of paid-up capital) from public shareholders. The indicative exit price is Rs. 56 per share (floor price Rs. 43.73). The company cites high compliance costs, consistently low trading volumes, and no dividends for several years as rationale. Delisting requires public shareholder approval with votes in favor at least 2x votes against. Voting period runs from May 26, 2026 to June 24, 2026.
If approved, public shareholders will receive an exit opportunity at Rs. 56 per share. However, shareholders should note this removes the stock from BSE, eliminating future trading opportunities on the exchange.