This is in continuation to company''s letter dated 22.5.2026 on the captioned subject. The relevant details and disclosures pertaining to the above letter under Regulation 30 (12) and ....
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UP Hotels Ltd has disclosed receiving an Administrative Warning and Advisory Letter dated 21.05.2026 from SEBI, in connection with its long-standing non-compliance with the Minimum Public Shareholding (MPS) requirement, where promoters hold about 88.39% versus the mandated 25% public float. The issue dates back to a SEBI interim order in June 2013, followed by a confirmatory order in December 2014, with the company directed to pursue voluntary delisting. An earlier delisting attempt via reverse book-building in 2022 failed, as only about 1.63 lakh shares (3.03%) were tendered against the required 6.97%. BSE has been levying quarterly fines for MPS non-compliance since November 2023. Promoters re-initiated delisting plans in July 2025 with a floor price of Rs.154 and discovered price of Rs.900, but SEBI has repeatedly denied extension requests.
Existing public shareholders face continued uncertainty around the stock's listing status, with BSE fines ongoing and SEBI regulatory scrutiny intensifying. The SEBI warning raises the risk of stricter enforcement, while a successful delisting could eventually offer an exit route to public shareholders at a discovered price of Rs.900 per share.