Ras Resorts & Apart Hotels Ltd — Updates, 10-04-2025: Company Update

Shri. Tekchand Shewakramani, a major promoter holding 6,95,188 shares (17.51% stake), has passed away, resulting in his cessation as a promoter of the company. His shares have been transmitted to Shri Vishamber Shewakramani, which will alter the company's shareholding structure accordingly. This transition may lead to changes in management dynamics, impacting shareholder sentiment. Investors could perceive this as a potential risk due to the uncertainty surrounding leadership continuity, but also an opportunity for a refreshed strategic direction following this succession.