Hitech Corporation Limited has submitted a regulatory disclosure regarding an upcoming board meeting to consider a voluntary delisting proposal.
Key Transaction Details
- Acquirer: Geetanjali Trading and Investments Private Limited, a member of the promoter group
- Manager to Offer: Kreo Capital Private Limited
- Initial Public Announcement Date: 25th May, 2026
- Equity Share Face Value: INR 10 per share
- Indicative Offer Price: INR 353 per equity share
- Regulatory Floor Price: INR 252 per share (as per Regulation 19A of SEBI Delisting Regulations)
- Premium over Floor Price: 40.08%
Board Meeting Details
- Meeting Date: 9th June, 2026
- Agenda Items:
- Review due diligence report from peer reviewed company secretary (as required under Regulation 10(2) and 10(3) of SEBI Delisting Regulations)
- Take on record floor price certificate issued by Mr. Gaurang Rajesh Shah, Chartered Accountant and Registered Valuer (received on 28th May, 2026)
- Take on record audit report as required under regulation 76 of SEBI (Depositories and Participants) Regulations, 2018
- Consider and approve/reject the Delisting Proposal
- Consider other incidental matters and seek shareholders' approval as required
Trading Window Closure
In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window is closed effective immediately and will remain closed until 48 hours after the announcement of the outcome of the board meeting.
Regulatory Framework
The delisting process is being conducted under:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI (Delisting of Equity Shares) Regulations, 2021
- SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- SEBI (Depositories and Participants) Regulations, 2018
- SEBI (Prohibition of Insider Trading) Regulations, 2015