Ras Resorts & Apart Hotels Ltd has halted operations at its Silvassa hotel after flood water from the Daman Ganga river entered the premises. The disruption follows incessant rainfall over the past 48 hours in the region and the progressive release of water from a dam by local authorities into the river.

The company confirmed that the natural calamity is adequately covered under its insurance policy. While the immediate financial impact is being assessed, the management stated that an update regarding operational losses will be communicated in due course.

The disclosure was made to the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Vishamber Tekchand Shewakramani, Managing Director & CFO.

Ras Resorts & Apart Hotels Limited has secured shareholder approval to voluntarily delist its equity shares from BSE Limited, following a remote e-voting process that concluded on June 24, 2026. The special resolution was passed with the requisite majority, complying with Regulation 11 of the SEBI (Delisting of Equity Shares) Regulations, 2021. This approval mandates that the exit price for public shareholders will be determined in accordance with the regulatory framework, ensuring a formal exit mechanism for investors.

The voting results, scrutinized by M/s. Parikh & Associates, Practicing Company Secretaries, confirmed that the resolution met the specific regulatory threshold. For the delisting to be valid, the votes cast by public shareholders in favour of the proposal had to be at least two times the number of votes cast against it. The final tally showed 20,294 votes in favour compared to 4,155 votes against, significantly exceeding the required ratio.

Voting Details and Participation

The remote e-voting process was conducted via the NSDL e-voting system between May 26, 2026, and June 24, 2026. Shareholders holding shares as of the cut-off date of May 22, 2026, were eligible to participate. The total number of votes polled during the process was 24,449, representing 0.62% of the total outstanding shares.

Promoters and promoter group entities, holding 2,950,950 shares, did not participate in the voting process. Public institutions also recorded zero participation. The entire voting exercise was driven by public non-institutional shareholders, who accounted for the total votes cast.

Breakdown of Votes Polled

Regulatory Compliance and Next Steps

The approval was obtained under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 110 of the Companies Act, 2013. The company has informed the BSE Limited regarding the outcome of the postal ballot. The detailed scrutinizer's report is available on the company's website and the NSDL e-voting portal.

With the resolution passed, the company will proceed with the formal delisting process, which includes the determination of the exit price and the subsequent buyback of shares from public shareholders. The managing director and CFO, Vishamber Tekchand Shewakramani, signed the intimation sent to the exchange on June 25, 2026.