UP Hotels Ltd — Important, 03-06-2026: Company Update

U.P. Hotels received an administrative warning from SEBI concerning its long-standing non-compliance with minimum public shareholding norms. A prior voluntary delisting attempt failed because promoters did not acquire sufficient shares. SEBI has now provided specific relaxations for a new delisting process, which the company must initiate and complete within a year. For this delisting to be successful, promoters need to reach 90% total shareholding. Public shareholders will be offered a price that is the highest of the reverse book building outcome, two independent valuations, or an indicative price of Rs.900 per share, offering them a fair exit opportunity.