UP Hotels

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 reported a net profit of Rs 325.70 lakh for the quarter ended June 30, 2025, compared to a net loss of Rs 71.94 lakh in the same quarter last year. Revenue from operations increased to Rs 2,886.19 lakh from Rs 2,125.81 lakh year-over-year. Total revenue reached Rs 3,037.07 lakh versus Rs 2,233.50 lakh in the previous year quarter. The company's earnings per share improved to Rs 6.03 from negative Rs 1.33 in the corresponding quarter. The Board of Directors approved these unaudited financial results in a meeting held on August 13, 2025. The company operates solely in the hotel business segment and noted ongoing disputes among promoters, though management believes these do not materially impact financial results.

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.