In continuation of our intimation dated 27th July, 2025 with respect to conducting Postal Ballot process for seeking approval of the shareholders for voluntary delisting proposal of the ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
U.P. Hotels Limited (Scrip Code: 509960), which operates hotels under the 'Clarks' brand in cities like Agra, Lucknow, Jaipur and Khajuraho, has fixed Friday, August 1, 2025 as the cut-off date to determine which shareholders are eligible to vote on the proposed voluntary delisting. This follows an earlier announcement dated July 27, 2025, in which the company began the postal ballot process to seek shareholder approval for the delisting proposal put forward by the Acquirers. Shareholders on the record as of the cut-off date will be able to cast their vote electronically on the delisting resolution. The postal ballot is the mechanism through which shareholders will formally approve or reject the exit of the company from the stock exchange.
For shareholders, this is a critical step — if the postal ballot is approved, the company will proceed towards delisting from BSE, meaning minority shareholders may eventually be required to tender their shares to the Acquirers at the delisting price. Until then, investors should watch for the final delisting price announcement and the tendering window, as the exit value will depend on the offer price set by the Acquirers.