Further to our letter dated 28.05.2026 and pursuant to Regulation 30 read with Para A Part A of Schedule III of SEBI (LODR) Regulations 2015, copy of the notice of Postal Ballot dated ....
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Awaiting price reaction for this filing.
U.P. Hotels Limited has issued a Postal Ballot notice to shareholders seeking in-principle approval by special resolution to support the company's application to SEBI for more time to complete the voluntary delisting of its equity shares from BSE. Promoters Mr. Apurv Kumar and Mr. Anoop Kumar, together with the promoter group, hold 88.39% (47,72,960 shares) while public shareholders hold just 11.61% (6,27,040 shares), which is why the company has been non-compliant with the Minimum Public Shareholding (MPS) rule since December 2001. A previous postal ballot on the delisting proposal was rejected by shareholders on 4 September 2025, and SEBI subsequently refused multiple requests for time extension, noting the promoters themselves had voted against the resolution. E-voting will run from 9:30 AM on 3 June 2026 to 5:00 PM on 2 July 2026 via NSDL, with results to be declared by 6 July 2026.
Shareholders get a second chance to weigh in on the delisting route, which is the company's chosen path to exit MPS non-compliance. Approval would give promoters stronger standing with SEBI to push the delisting forward, while rejection could leave the stock stuck on the exchange in continued regulatory non-compliance.