Outcome of the Board Meeting of Ras Resorts And Apart Hotels Limited held on May 02, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Ras Resorts & Apart Hotels Ltd met on May 2, 2026 and noted that the Promoter/Promoter Group has issued a Letter of Intention to voluntarily delist all equity shares held by public shareholders from BSE Limited. The Board received an Initial Public Announcement from Sobhagya Capital Options Private Limited, the appointed merchant banker for the delisting offer. The Board granted in-principle approval for the voluntary delisting, subject to shareholder approval, stock exchange clearance, and other regulatory approvals. The company has also appointed Parikh and Associates as Peer Review Company Secretaries to conduct due diligence as required under SEBI Delisting Regulations, 2021.
This is a negative development for public shareholders as voluntary delisting would remove the stock from the exchange, limiting future liquidity. Shareholders will have the opportunity to tender their shares at the delisting price if the offer proceeds, but they risk being stuck with shares if the delisting fails or if they do not accept the offer.