U. P. Hotels Ltd. promoters, Mr. Apurv Kumar and Mr. Anoop Kumar, have announced their intent to voluntarily delist the company's equity shares from BSE.

They plan to acquire all shares held by public shareholders.

This delisting aims to resolve the company's continuous non-compliance with minimum public shareholding rules, following a regulatory directive.

It also offers an exit opportunity for public shareholders due to thinly traded shares.

The proposal requires Board and shareholder approvals, including specific public shareholder vote criteria, and BSE approval.

The promoters confirm financial arrangements are in place for the offer.