ras resorts & apart hotels has closed its trading window for securities effective Wednesday, July 01, 2026, in preparation for the declaration of its unaudited financial results for the quarter ended June 30, 2026. The closure is in accordance with the company's Code of Conduct for Prevention of Insider Trading adopted by its Board of Directors. The trading window will remain shut until 48 hours after the financial results are officially declared by the Board.

The restriction applies to all Directors, Officers, Designated Employees, Other Related Parties, and their dependent family members. These individuals are prohibited from dealing in the company's securities while the trading window is closed. This measure is intended to prevent insider trading and ensure market integrity during the period leading up to the results announcement.

The company has not yet announced the specific date for the Board meeting where the financial results will be considered. Ras Resorts stated that the date of the meeting will be intimated in due course. Once the results are declared, the trading window will reopen after the mandatory 48-hour period.

The disclosure was submitted to BSE Limited by Komal Bafna, Company Secretary and Compliance Officer. The filing confirms that the closure is a standard procedural measure aligned with regulatory requirements ahead of quarterly financial disclosures.

Ras Resorts And Apart Hotels Limited has initiated a postal ballot process to seek shareholder approval for the voluntary delisting of its equity shares from BSE Limited. The move follows a letter of intention from promoter group entities Mr. Vishamber Tekchand Shewakramani and Mrs. Nalini Vishamber Shewakramani to acquire the public shareholding. The company has set an indicative exit price of ₹56 per share for the proposed delisting offer, with a floor price of ₹43.73 per share certified by a registered valuer.

The acquirers intend to purchase 9,21,582 equity shares, representing 23.22% of the paid-up equity share capital held by public shareholders. The delisting proposal aims to enable the promoters to acquire full ownership, citing high compliance costs and low trading volumes as reasons for exiting the stock exchange. The Board of Directors approved the proposal on May 16, 2026, based on a due diligence report submitted by M/s Parikh and Associates.

Voting Schedule and Process

The remote e-voting process commenced on Tuesday, May 26, 2026, at 9:00 a.m. IST and will conclude on Wednesday, June 24, 2026, at 5:00 p.m. IST. Shareholders whose names appear in the register of members or beneficial owners as on Friday, May 22, 2026, are eligible to vote. The company has engaged National Securities Depository Limited (NSDL) as the e-voting agency.

Shareholding and Approval Requirements

As per the filing, the promoter and promoter group hold 29,50,950 equity shares, constituting 74.34% of the paid-up equity share capital. The special resolution requires approval by a majority of shareholders. Additionally, the votes cast by public shareholders in favor of the delisting proposal must amount to at least two times the number of votes cast against it, as per the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.

The Board of Directors has appointed Ms. Vinita Raj (FCS 7888) or Ms. Supriya Falke (FCS 9997) of AVS & Associates as the scrutinizer to oversee the voting process. The results of the postal ballot will be declared within seven days of the completion of the voting process and submitted to BSE Limited.