Voluntary delisting from BSE rejected by shareholders

Voluntary Delisting ProposedDelisting FailedCapital Market Events View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.3%Reaction day

₹1407.00

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+1.1% vs market

Hotels & Resorts peers, median of 57sector-0.2%+1.4% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.4 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3+0.2+1.1-0.2+1.4

Next day

-0.5-0.5-0.0-0.0-0.5

-4.0-2.5-1.5-2.3-1.6

-2.6-0.6-2.0-1.1-1.6

-0.5+0.7-1.2-0.2-0.3

+1.3+0.9+0.4-1.0+2.3

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15d

+2.1-0.2+2.3-2.4+4.4

+3.3+2.9+0.5-1.3+4.6

—+5.0—-3.9—

—+3.7—-6.9—

UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 57Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

U.P. Hotels sought shareholder approval (special resolution) via postal ballot to support its application to SEBI for extension of time for voluntary delisting from BSE. Of 54 lakh total shares, about 28.99 lakh votes were polled. Only 63.85 percent voted in favour (7.72 lakh shares), falling short of the 75 percent threshold needed for a special resolution. The resolution was NOT approved. Promoter voting rights were capped at 39.41 percent due to a prior SEBI order on minimum public shareholding non-compliance.

Likely market impact

Delisting plan fails; stock stays listed on BSE. Slightly negative for shareholders hoping for an exit at a delisting price.