Delisting27 Apr 2026, 06:22 pm
Ras Resorts Receives Delisting Intention Letter from Promoters
AI Summary
Ras Resorts & Apart Hotels Ltd has received a letter of intention from its promoters, Mr. Vishamber Shewakramani and Mrs. Nalini Shewakramani, to voluntarily delist the company's equity shares from BSE. The promoters intend to acquire all equity shares held by public shareholders in accordance with SEBI Delisting Regulations, 2021. The promoters believe that the company qualifies as a 'Small Company' under the regulations, citing disproportionately high listing costs, limited trading volumes, and the desire for greater operational flexibility. The delisting will offer public shareholders an exit opportunity at a fair price.
Key Highlights
- Promoters of Ras Resorts propose voluntary delisting of equity shares from BSE.
- The promoters, Vishamber and Nalini Shewakramani, intend to acquire all public shares.
- Company cites high listing costs and low trading volumes as rationale for delisting.
- Delisting offers public shareholders an exit opportunity at a fair price as per regulations.
- The company qualifies as a 'Small Company' under SEBI Delisting Regulations, 2021.