Pursuant to the Reg. 44 of SEBI (LODR) Regulations,2015 (SEBI Listing Regulations), please find enclosed herewith details regarding voting results of 64th Annual General Meeting of the ....
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U. P. Hotels Limited (Clarks Group) held its 64th AGM on September 30, 2025, via video conferencing. Five resolutions were put to vote, all of which passed with the required majority. 72 members cast remote e-voting votes while 43 members attended the meeting virtually; no votes were cast during the AGM. Resolutions included adoption of FY25 financial statements, reappointment of Mr. Arjun Kumar as a director, revision of remuneration for Joint Managing Directors Mr. Apurv Kumar and Mr. Rupak Gupta (special resolutions), and appointment of Deepak Bansal & Associates as secretarial auditors. Notably, the company is non-compliant with the SEBI Minimum Public Shareholding (MPS) requirement — public holding is only about 11.61% (627,040 shares) versus the mandated 25%, with promoters holding 88.39% (4,772,960 shares of Rs. 10 each).
All AGM business was approved, including executive pay revisions and the appointment of a new secretarial auditor — positive governance housekeeping. However, the disclosure of MPS non-compliance is a red flag; the company may face regulatory action until it dilutes promoter holding to meet the 25% public float, which could weigh on sentiment.