Ras Resorts & Apart Hotels Ltd. Initiates Voluntary Delisting from BSE

Ras Resorts & Apart Hotels Ltd. is proposing to delist its shares from the Bombay Stock Exchange (BSE). The company's board met on May 16, 2026, to approve audited financial results for the fiscal year ending March 31, 2026, and initiate the voluntary delisting process.

The delisting proposal comes from promoter group members Vishamber and Nalini Shewakramani. They have set a floor price of ₹43.73 per equity share and an indicative delisting price of ₹56.00 per share.

For the fiscal year 2025-26, Ras Resorts reported revenue from operations of ₹1,299.77 lakh (approximately ₹13 crore). The company's net profit for the same period was ₹52.41 lakh (approximately ₹0.52 crore).

A voluntary delisting means Ras Resorts aims to stop trading its shares publicly on the BSE. If the process succeeds, the company will transition to a privately held entity. The promoter group plans to acquire all shares from public shareholders, offering them an exit at the determined price.

Ras Resorts & Apart Hotels operates in the hospitality sector, managing hotels and serviced apartments.

The delisting plan is subject to several approvals. This includes positive votes from shareholders and clearances from the BSE and other regulatory bodies. Without these approvals, the delisting process cannot proceed.

In India's hospitality sector, key players include Indian Hotels Company Ltd., known for its diverse brand portfolio, and Lemon Tree Hotels Ltd., which offers mid-scale to premium hotel options across the country.

Investors will be monitoring shareholder approval for the delisting, as well as the receipt of necessary regulatory clearances. The formal offer letter and final terms from the promoter group, along with the expected timeline for completing the delisting, will also be key developments.