UP Hotels

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.

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.