U. P. Hotels Limited has started the postal ballot process seeking shareholder approval for a special resolution related to extending the timeline for its voluntary delisting process from BSE. The e-voting window will remain open from September 15 to October 14, 2026.
UP Hotels Starts Delisting Extension Approval Process
U. P. Hotels Limited has dispatched its Postal Ballot Notice to shareholders for approval of a special resolution linked to its voluntary delisting process from BSE Limited.
The company is seeking shareholder approval to support its application filed with the Securities and Exchange Board of India (SEBI) for an extension of time related to the delisting process.
Reader Takeaway: Delisting process moves forward, but shareholder approval and regulatory timelines remain key factors.
What just happened
U. P. Hotels confirmed that newspaper advertisements regarding the Postal Ballot Notice were published on September 15, 2026. The company has started the remote e-voting process for eligible shareholders.
Voting will begin on September 15, 2026, at 9:30 AM and will close on October 14, 2026, at 5:00 PM. Shareholders registered as members or beneficial owners as of September 11, 2026, are eligible to vote.
The company has appointed Mr. Deepak Bansal of Deepak Bansal & Associates as the scrutinizer for the voting process.
Why this matters
The postal ballot is a procedural step required for the company to seek shareholder backing for its request to SEBI regarding an extension in the voluntary delisting process.
The approval of the special resolution will determine whether the company can continue with the next steps related to its regulatory application.
What changes now
Shareholders will vote only through remote e-voting provided by NSDL. The company will not distribute physical postal ballot forms.
After the voting period ends, the company will publish the voting results along with the scrutinizer’s report on its website and submit the outcome to the stock exchange.
Risks to watch
The delisting process remains dependent on shareholder approval and regulatory actions. The outcome of the postal ballot and subsequent SEBI-related developments will be important for investors tracking the company’s future listing status.
What to track next
Investors should monitor the postal ballot outcome after October 14, 2026, and any further updates from the company regarding the voluntary delisting process.