U P Hotels News

U.P. Hotels Reports Net Loss of Rs 198.69 Lakhs in Q2 Despite Revenue Growth

U.P. Hotels Limited reported a net loss of Rs 198.69 lakhs for the quarter ended September 30, 2025, compared to a net profit of Rs 118.21 lakhs in the same quarter last year. Total revenue increased to Rs 2,690.20 lakhs from Rs 2,843.34 lakhs in the previous year quarter. For the half-year period, the company achieved a net profit of Rs 127.01 lakhs compared to Rs 46.41 lakhs in the corresponding period last year. Total expenses for the quarter were Rs 2,955.71 lakhs, with employee benefits expense being the largest component at Rs 904.97 lakhs. The company's earnings per share for the quarter was negative Rs 3.68 compared to positive Rs 2.19 in the same quarter last year. The Board noted there were disputes between promoters during the period, though management believes these do not have material financial impact on the results.

U.P. Hotels Limited Seeks Shareholder Approval for Voluntary Delisting from BSE

U.P. Hotels Limited has issued a postal ballot notice seeking shareholder approval for voluntary delisting of its equity shares from BSE Limited. The e-voting period runs from August 6, 2025, to September 4, 2025. Promoters Mr. Apurv Kumar and Mr. Anoop Kumar, who collectively own 2.25% of equity shares, initiated the delisting proposal. The promoter group holds 88.39% of total equity while public shareholders hold 11.61%. The company has been non-compliant with minimum public shareholding requirements since December 2001, with promoter holding above 75%. Three valuation reports were obtained - two chartered accountants valued shares at Rs. 809 and Rs. 870 respectively, while a registered valuer certified Rs. 805 per share. The acquirers provided an indicative price of Rs. 900 per share, which has been set as the floor price. The delisting requires special resolution approval where votes by public shareholders in favor must be at least two times those against. The board approved the proposal and recommends it to shareholders, citing compliance with SEBI requirements and providing exit opportunity to public shareholders given thin trading of shares.

U.P. Hotels Limited Sets August 1, 2025 as Cut-off Date for Voluntary Delisting Postal Ballot

U.P. Hotels Limited has announced August 1, 2025 as the cut-off date for shareholders to participate in a postal ballot regarding a voluntary delisting proposal. The board has fixed this date to record entitlement of members to cast their vote electronically for the business to be transacted through the postal ballot process. The company is seeking shareholder approval for the voluntary delisting proposal of the Acquirers through this postal ballot mechanism.

UP Hotels Limited Board Approves Voluntary Delisting Proposal at ₹900 Per Share

UP Hotels Limited's Board of Directors approved a voluntary delisting proposal from BSE Limited. The company's promoters, Mr. Apurv Kumar and Mr. Anoop Kumar, who hold 2.25% of equity shares, initiated the delisting offer through Srujan Alpha Capital Advisors LLP as the manager. The floor price has been set at ₹900 per share, determined as the highest among three independent valuations ranging from ₹805 to ₹870 per share. The company has 54,00,000 equity shares with a face value of ₹10 each, with public shareholders holding 11.61% of the total shares. The Board appointed Mr. Deepak Bansal as scrutinizer for the postal ballot process to seek shareholder approval. The delisting follows SEBI's relaxation regarding minimum public shareholding norms compliance.