Please find enclosed the voting results as required under Regulation 44(3) of the Listing Regulations and the Scrutinizer''s report thereon dated 5th September, 2025
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Awaiting price reaction for this filing.
U.P. Hotels Limited conducted a postal ballot (via remote e-voting from August 6 to September 4, 2025) seeking shareholder approval as a Special Resolution to voluntarily delist its equity shares from BSE Limited. A total of 99 shareholders voted, casting 482,692 shares, with 52.39% (252,883 shares) voting in favour and 47.61% (229,809 shares) voting against. Notably, public shareholders voted 252,883 shares in favour versus 83,071 against (about 3x ratio), but promoter group votes were restricted by a 2013 SEBI order due to non-compliance with minimum public shareholding norms, limiting promoter voting rights to 39.41% of their holding. The resolution did not achieve the requisite special resolution majority and has not been approved.
The stock will continue to remain listed and traded on BSE. For shareholders, this means no immediate exit opportunity at a delisting price, and the company's attempts to exit the exchange have been blocked, likely due to insufficient public support combined with SEBI-imposed voting restrictions on promoters.