U.P. Hotels Limited Reports Impressive Q1 Turnaround with Rs 325.70 Lakh Net Profit
UP Hotels, a key player in Indian hospitality, has reported a significant financial turnaround in Q1. The company posted a net profit of Rs 325.70 lakh, compared to a loss of Rs 71.94 lakh in the same quarter last year. Revenue from operations increased by 35.80% to Rs 2,886.19 lakh, while total revenue grew by 36.00% to Rs 3,037.07 lakh. Earnings per share improved from -Rs 1.33 to Rs 6.03. The results, approved by the Board on August 13, indicate strong recovery in hotel operations and effective cost management. Despite ongoing promoter disputes, the company believes these issues do not materially impact financial results.
31Jul 25
U.P. Hotels Limited Sets August 1, 2025 as Cut-off Date for Voluntary Delisting Postal Ballot
UP Hotels has announced August 1, 2025, as the cut-off date for shareholders to participate in a postal ballot regarding the voluntary delisting proposal. Only shareholders on record as of this date will be eligible to cast their votes electronically. The decision was communicated to the BSE Limited by the company's Secretary, Pra handra Prusty. This follows the company's previous announcement on July 27, 2025, about initiating the Postal Ballot process for the voluntary delisting proposal.
27Jul 25
UP Hotels Limited Board Approves Voluntary Delisting at ₹900 Per Share Floor Price
UP Hotels' Board of Directors has approved a voluntary delisting proposal from BSE Limited. The company's promoters aim to acquire all public shares at a floor price of ₹900 per share, which is higher than three independent valuations. Currently, promoters hold 88.39% of shares while public shareholders own 11.61%. The delisting process follows SEBI's relaxation on minimum public shareholding norms granted to the company.