UP Hotels to Officially Delist - RBB for Exit Price Discovery

 NEW POST

http://www.rareindianshares.info/2022/03/up-hotels-owners-of-clarks-group-to.html

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ORIGINAL POST

 

 UP Hotels is suspended from BSE since 15 /09/2015

Its Promoters hold 88;39 per cent  Equity .

UP Hotels has decided to officially Delist .

A Reverse Book Building would be held .

Rs. 154 has been fixed as the Floor Price for RBB .

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Old Post of   2015

December 04, 2015

UP Hotels - No Delisting ,No Bonus , No Quotation- Please Guide

Bonus Issue Resolution  For Non Promoter Shareholders  was passed in EGM 23 /07/2013 - But No Bonus Issue Made

http://hotelclarks.com/pdf/5.pdf

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No Minimum MPS ( Minimum Public Shareholding , SEBI Order 02/12 /2014. 

Please go through the entire Order to Understand the Chain of Events

http://www.watchoutinvestors.com/press_release/sebi/1417605244254.pdf

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Excellent Analysis . Please Scroll down to UP Hotels :-

http://www.watchoutinvestors.com/press_release/sebi/1417605244254.pdf

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No Trading in BSE

http://www.watchoutinvestors.com/press_release/sebi/1417605244254.pdf

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UP Hotels - Clark Group of Hotels - Asset Laden - Massive Profits

http://www.rareindianshares.info/search?q=up+hotels

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2017 post  

 

2017-18

Gross Profit : Rs.5 cr 36 lakh

Net Profit : Rs.3 cr 05 lakh

EPS : Rs. 5 / 64 p ( Share Rs. 10 Paid  )

Dividend : NIL

 57 th AGM on 25/09/18 at 2:30 pm  at New Delhi

Listing Status : Suspended from BSE

Number of Shareholders  ( on 31/03/2018 )- 1052: 

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OLD POSTS

March 16, 2017

UP Hotels to Hold Pending AGM s on 31/03/2017

UP Hotels Limited was earlier listed on the BSE.


UP Hotels owns the flourishing chain of CLARKS group of Hotels.

www.hotelclarks.com

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In order  to comply with Listing requirements of minimum 25% public shareholding , the Company passed a Resolution ,in 2013,for a liberal Bonus in the ratio of 31 : 20 ONLY TO NON PROMOTERS.
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But some Promoters objected and filed Court Cases.

Bonus Issue Resolution  For Non Promoter Shareholders  was passed in EGM 23 /07/2013 - But No Bonus Issue Made

http://hotelclarks.com/pdf/5.pdf

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So , in SEBI , in December 2014 , confirmed the delisting Interim Order of 2013 , thereby  causing grave inconvenience to its shareholders in Buying /Selling its shares

Sebi order

http://www.watchoutinvestors.com/press_release/sebi/1417605244254.pdf
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Now , the National Company Law Tribunal has directed the Company to complete all pending statutory compliance for the years 2014-15, 2015-16 before 31/03/17.

55 th AGM on 31/03/2017. Record date 23/09/2016

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UP Hotels - Clark Group of Hotels - Asset Laden - Massive Profits


http://www.rareindianshares.info/search?q=up+hotels

General Warning : Investment in Shares Can be Injurious to Your  WEALTH

Caution :The blog writer has personal/ family members' holdings in this Company , so please make suitable "provisions " for likely over optimism

( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )