March 16, 2017
UP Hotels to Hold Pending AGM s on 31/03/2017
UP Hotels owns the flourishing chain of CLARKS group of Hotels.
In order to comply with Listing requirements of minimum 25% public shareholding , the Company passed a Resolution ,in 2013,for a liberal Bonus in the ratio of 31 : 20 ONLY TO NON PROMOTERS.
But some Promoters objected and filed Court Cases.
Bonus Issue Resolution For Non Promoter Shareholders was passed in EGM 23 /07/2013 - But No Bonus Issue Made
So , in SEBI , in December 2014 , confirmed the delisting Interim Order of 2013 , thereby causing grave inconvenience to its shareholders in Buying /Selling its shares
Now , the National Company Law Tribunal has directed the Company to complete all pending statutory compliance for the years 2014-15, 2015-16 before 31/03/17.
55 th AGM on 31/03/2017. Record date 23/09/2016
UP Hotels - Clark Group of Hotels - Asset Laden - Massive Profits
General Warning : Investment in Shares Can be Injurious to Your WEALTH
Caution :The blog writer has personal/ family members' holdings in this Company , so please make suitable "provisions " for likely over optimism
( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )