Ras Resorts & Apart Hotels Ltd — Important, 01-01-1970: Company Update

Ras Resorts and Apart Hotels' promoters have initiated a delisting offer to acquire up to 9,21,582 equity shares, representing 23.22% of the company's paid-up capital from public shareholders. This move aims to delist the company's 39,69,743 shares from BSE. The rationale includes disproportionately high listing costs for its small scale, low trading volumes, and enabling promoters full ownership and operational flexibility. Public shareholders will be offered an exit opportunity at a fair price, subject to required approvals and consent from 90% or more of the public shareholding.