Disclosure under Reg. 31(4) of SEBI (SAST) Regulation, 2011 from the promoters of the company for the financial year ended 31st March, 2025 is enclosed.
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UP Hotels Ltd has submitted the annual disclosure required under SEBI (SAST) Regulation 31(4) for the financial year ended March 31, 2025. Multiple promoters and promoter group entities have individually confirmed that they did not create any encumbrance (pledge or otherwise) on their shares during the year. As on March 31, 2025, zero shares held by any promoter are encumbered or pledged. The declarations cover individuals like Rupak Gupta (818,524 shares), Upendra Gupta (232,796 shares), Rani Upsham (186,480 shares), and entities such as Banaras House Private Limited (540,000 shares) and Hotel Clarks Varanasi Limited (179,540 shares), among others, all reporting nil encumbrance.
This is a routine compliance filing and is positive for shareholders. It confirms that promoters have not pledged any of their shares, meaning there is no risk of forced selling or margin calls triggered from the promoter side. No material impact on the stock price is expected from this disclosure.