Regulatory22 May 2026, 04:13 pm
UP Hotels Receives SEBI Warning for LODR Regulation Non-Compliance
AI Summary
UP Hotels Ltd received an Administrative Warning and Advisory Letter from SEBI on May 21, 2026, for non-compliance with Regulations 30(12) and 30(13) of SEBI LODR Regulations, 2015, regarding disclosures related to the voluntary delisting process. SEBI also advised the company to ensure 100% dematerialization of promoter shareholdings as per Regulation 31(2). The company stated that there is no impact on the financial or operational activities.
Key Highlights
- SEBI issued an Administrative Warning to UP Hotels on May 21, 2026.
- The warning pertains to non-compliance with Regulations 30(12) and 30(13) of SEBI LODR Regulations.
- The non-compliance relates to disclosures regarding the voluntary delisting process.
- SEBI advised UP Hotels to ensure 100% dematerialization of promoter shareholdings.
- UP Hotels states that the warning has no impact on its financial or operational activities.
Price Impact
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