88% Promoter Control and Counting: U.P. Hotels Set to Pull the Plug

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U.P. Hotels Ltd has announced a board meeting scheduled for July 27, 2025, to consider a proposal for voluntary delisting of its equity shares from the Bombay Stock Exchange, following regulatory clearance from SEBI.

Key highlights:

The delisting proposal stems from a SEBI letter dated December 3, 2024, granting specific relaxations to initiate the process.
The company has submitted a formal Letter of Offer to BSE, outlining the terms and rationale for delisting.

Strategic rationale:

Promoters currently hold over 88% of the equity, leaving minimal public float and prompting the move toward privatization.
The delisting aims to reduce compliance costs, enhance operational flexibility, and streamline decisionmaking.

Next steps:

If approved, the company will proceed with shareholder voting, price discovery, and regulatory filings before final delisting.
The process is expected to conclude within the SEBImandated oneyear window.

Sources: Moneycontrol, Trendlyne, BSE India