Nitin Castings Limited disclosed the outcome of the meeting of its Committee of Independent Directors held on Saturday, 01st August, 2026. The committee discussed, analyzed, and reviewed the Delisting Offer made by the promoters/promoter group.
Key Quantitative Figures
The delisting offer involves acquisition of 14,70,894 equity shares of face value ₹5 each, representing 28.61% of the total equity and voting share capital of the company. The offer price is ₹273.36 per equity share.
Dates of Action
- Committee meeting date: August 01, 2026
- Meeting timing: 11:30 a.m. to 12:30 p.m.
- Recommendation publication date: Monday, 03rd August, 2026
- Initial Public Announcement date: January 30, 2026
- Detailed Public Announcement date: July 24, 2026
- Publication date of Detailed Public Announcement: July 27, 2026
- Letter of Offer date: July 24, 2026
Parties Involved
Acquirers/Promoters:
- Mr. Nirmal B. Kedia (Acquirer-1)
- Mr. Nitin S. Kedia (Acquirer-2)
- M/s. Citrus Castings Private Limited (Acquirer-3)
Regulatory Bodies:
- BSE Limited (the only stock exchange where equity shares are listed)
- Manager to the Delisting Offer
Company Representatives:
- Ishan Kumar Verma, Company Secretary & Compliance Officer (M. No. F8320)
Publication Details
The recommendations of the Committee of Independent Directors will be published on August 3, 2026 in the same newspapers where the Detailed Public Announcement appeared on July 27, 2026. Copies will be furnished to BSE Limited and the Manager to the Delisting Offer.