U.P. Hotels Limited

Voting Process Details

The postal ballot notice was dated 07.09.2026 and sent to members on 14.09.2026. The remote e-voting period commenced on Tuesday, 15th September, 2026 at 9:30 AM and ended on Wednesday, 14th October, 2026 at 5:00 PM IST. National Securities Depository Limited (NSDL) was appointed as the Service Provider for the e-voting facility. The scrutinizer, Deepak Bansal of Deepak Bansal & Associates, submitted his report on 15.10.2026.

Voting Results

The special resolution was NOT approved by the members of the company with requisite majority. The detailed voting results are as follows:

Total Shareholding Structure:

  • Promoter & Promoter Group: 4,772,960 equity shares of ₹10 each
  • Public-Others: 627,040 equity shares of ₹10 each
  • Total Outstanding Shares: 5,400,000 equity shares of ₹10 each

SEBI Voting Rights Restriction:

Due to non-compliance with Minimum Public Shareholding requirements, SEBI order No. WTM/PS/08/CFD/JUNE/2013 dated 4.6.2013 imposed partial restriction on voting rights of promoters & promoter group. Their effective voting power was limited to 1,881,120 equity shares (39.41% of their actual holding of 4,772,960 shares).

Voting Breakdown:

  • Total votes polled: 1,776,849 shares (32.90% of total outstanding shares)
  • Votes in favor: 1,061,962 shares (59.77% of votes polled)
  • Votes against: 714,887 shares (40.23% of votes polled)

Promoter Voting Pattern:

  • Total promoter shares: 4,772,960
  • Votes polled by promoters: 3,790,864 shares
  • Effective votes considered (per SEBI order): 1,493,980 shares
  • Promoter votes in favor: 1,061,962 shares (71.08% of their effective votes)
  • Promoter votes against: 432,017 shares (28.92% of their effective votes)

Public Shareholder Voting Pattern:

  • Total public shares: 627,040
  • Votes polled by public: 282,870 shares (45.11% of public holding)
  • Public votes in favor: 262,681 shares (92.86% of public votes polled)
  • Public votes against: 20,189 shares (7.14% of public votes polled)

Outcome and Next Steps

The resolution failed to achieve the requisite majority for approval. The voting results and scrutinizer's report have been placed on the company's website (www.hotelclarks.com) and BSE Limited's website (www.bseindia.com).

Financial Impact

No specific financial impact quantified in the disclosure. The rejection of the resolution means the company cannot proceed with supporting the application to SEBI for extension of time for voluntary delisting.

#U.P.Hotels #Delisting #SEBIDisclosure #RegulatoryCompliance #VotingResults #Neutral