U P Hotels Ltd has closed its trading window for all insiders, designated persons, and their immediate relatives effective July 1, 2026. The restriction will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. This measure is implemented to comply with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct designed to regulate and monitor trading by insiders.

The company stated that the specific date for the Board meeting to consider the unaudited financial results for the quarter ending June 30, 2026, will be communicated in due course. The trading window closure is a standard procedural step to prevent potential insider trading during the period leading up to the financial announcement.

Key Dates and Restrictions

The following table outlines the critical timelines and the scope of the trading window closure:

The closure applies strictly to securities of U P Hotels Ltd and encompasses all designated insiders and their immediate relatives. Shareholders and market participants should note that the window will reopen only after the stipulated period following the results declaration.

U. P. Hotels has initiated a postal ballot process to seek in-principle approval from shareholders for an application filed with SEBI to extend the time for complying with voluntary delisting requirements. The resolution aims to support the company's request for more time to adhere to the conditions specified in SEBI's letter dated December 3, 2024, regarding the voluntary delisting of equity shares from BSE Limited. The outcome of this vote is critical for the company to address its continuous non-compliance with minimum public shareholding norms.

The proposed delisting follows an Initial Public Announcement dated July 15, 2025, by promoters Mr. Apurv Kumar and Mr. Anoop Kumar, who currently hold 88.39% of the total equity paid-up share capital. The promoters intend to acquire the remaining 11.61% held by public shareholders. A previous Extra-Ordinary General Meeting held on September 4, 2025, resulted in the disapproval of the special resolution by the members. Consequently, the deadline to complete the delisting offer lapsed, and prior requests for time extensions to SEBI were refused due to inconsistencies in promoter intent.

Postal Ballot and E-Voting Schedule

The Board of Directors has approved the filing of a fresh application for extension with SEBI on May 4, 2026. To sustain this application, the board is seeking shareholder approval through a special resolution. Mr. Deepak Bansal of Deepak Bansal & Associates has been appointed as the Scrutinizer to oversee the process.

The remote e-voting facility, provided by National Securities Depository Limited (NSDL), is the sole mechanism for shareholders to cast their votes. The voting period commenced on June 3, 2026, at 9:30 A.M. IST and will conclude on July 2, 2026, at 5:00 P.M. IST. The results of the postal ballot will be declared on or before July 6, 2026.

Resolution Details

The special resolution seeks authorization for the company's directors and company secretary to take all necessary actions to pursue the extension application. This includes making filings with regulatory authorities and executing required deeds and documents. The board recommends that shareholders vote in favor of the resolution to strengthen the application before SEBI. The promoters and promoter group are interested parties in this resolution.