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29 announcements match the current filters (relevance ≥ 5).
Hitech Corp Delisting Offer Confirmed Successful; Promoter Stake to Reach 91.96%
Hitech Corporation disclosed a corrigendum issued by the delisting offer manager (Kreo Capital) clarifying that 100 physically tendered shares were rejected due to defective documentation. Consequently, validly tendered shares stand adjusted slightly to 30,09,593 shares (down from 30,09,693). Post-acquisition, promoter group shareholding will reach 91.96% (92.82% excluding non-applicable categories), surpassing the 90% delisting threshold. The delisting offer remains officially successful.
Confidence: HIGH
What changedA minor administrative correction was made to the reverse book building count, adjusting accepted shares down by 100 shares following physical bid rejections.
Why it mattersConfirms the final share count and reaffirms that the promoter group crosses the statutory 90% mark, ensuring the delisting of the company proceeds as planned.
Validly tendered shares: 30,09,593Post-acquisition promoter holding: 91.96%Post-offer promoter share count: 1,57,94,073Total shares bid in RBBP: 34,16,208RBBP price range: Rs. 252/- to Rs. 2000/-
📅 Short termTrading liquidity will dry up ahead of formal suspension as the delisting progresses toward completion and settlement.
📈 Long termThe company will cease to be publicly traded once formal delisting formalities conclude.
⚠ Risk flags
- Loss of liquidity for remaining public shareholders who do not tender or exit before delisting completion
Key Highlights
Corrigendum adjusts valid bids accepted at or below Exit Price to 30,09,593 shares (previously 30,09,693)
Rejection of 100 physical equity shares due to documentation deficiencies
Post-offer promoter and acquirer holding will be 1,57,94,073 shares or 91.96% of fully paid-up capital
Qualifying promoter holding reaches 92.82% under Regulation 21(a) of SEBI Delisting Regulations, crossing 90% threshold
Overall reverse book building had received 34,16,208 share bids across 778 bids in a price range of Rs 252 to Rs 2,000
👀 What to Watch
Track the upcoming final settlement, payment timeline for accepted shares, and the formal trading suspension and delisting dates notified by BSE and NSE.
Hitech Corp Delisting Offer Deemed Successful at Exit Price of ₹426/Share
Hitech Corporation Limited's promoter group delisting offer has succeeded as post-offer holding exceeded the 90% threshold under SEBI Delisting Regulations. The promoter group Acquirer, Geetanjali Trading and Investments Pvt Ltd, sought up to 43,91,220 shares (25.57% of equity capital) with a floor price of ₹252 and indicative price of ₹351 per share. The discovered price was determined at ₹425 per share, and the Acquirer declared an exit price of ₹426 per share, slightly above the current market price of ₹411.4.
Confidence: HIGH
What changedThe voluntary delisting offer has crossed the required 90% threshold, and the Acquirer has accepted the offer with a final exit price of ₹426 per share.
Why it mattersThe company will be delisted from BSE and NSE; public shareholders are being bought out at ₹426 per share, representing a premium over the ₹411.4 market price.
Exit Price: Rs. 426/- per Equity ShareDiscovered Price: Rs. 425/- per Equity ShareFloor Price: Rs. 252/- per Equity ShareIndicative Price: Rs. 351/- per Equity ShareShares sought to be acquired: 43,91,220 Equity SharesPublic shareholding targeted: 25.57%
📅 Short termTrading liquidity will cease as the stock moves toward formal suspension and delisting, with tendering shareholders receiving ₹426 per share.
📈 Long termThe company will become a privately held entity under the promoter group and will no longer trade on public exchanges.
⚠ Risk flags
- Illiquidity risk for public shareholders who fail to tender during the delisting/exit windows
Key Highlights
Post-offer promoter group shareholding exceeded the 90% threshold, deeming delisting successful
Final Exit Price fixed at ₹426 per equity share, higher than the discovered price of ₹425
Offer covered acquisition of up to 43,91,220 equity shares representing 25.57% of equity capital
Exit price of ₹426 compares to original floor price of ₹252 and indicative price of ₹351
👀 What to Watch
Track the settlement and payout timeline for shareholders who tendered shares, and watch for subsequent instructions and windows for remaining public shareholders to tender at the exit price.
Hitech Corp Delisting Successful: Promoter Group Accepts Exit Price of Rs 426 Per Share
Hitech Corporation Limited's promoter group entity, Geetanjali Trading and Investments Private Limited, has successfully concluded the delisting offer for the company's equity shares. Against a minimum threshold requirement of 25,29,733 shares (to reach 90% ownership), a total of 30,09,693 shares were validly tendered at or below the discovered price. The acquirer accepted the final exit price of Rs 426 per share, taking total promoter holding to 91.96% (1,57,94,173 shares). Payment of consideration to successful bidders is scheduled on or about October 23, 2026, and residual shareholders will have an exit window of one year following delisting.
Confidence: HIGH
What changedThe voluntary delisting offer has officially succeeded as valid tenders exceeded the 90% threshold, with the acquirer accepting an exit price of Rs 426 per share.
Why it mattersThe company will be delisted from BSE and NSE; public shareholders will cease to have a public market to trade their shares once formal trading suspension occurs.
Exit Price: Rs 426Floor Price: Rs 252Validly Tendered Shares: 30,09,693Minimum Acceptance Threshold: 25,29,733 sharesPost-Offer Promoter Shareholding: 91.96%Exit Price vs Current Market Price (Rs 411.4): ~3.5% premium
📅 Short termShares will shortly be suspended from trading following regulatory delisting formalities; accepted bidders will receive consideration around October 23, 2026.
📈 Long termThe company will operate as an unlisted entity owned over 91.96% by the promoter group, ending public market reporting obligations and liquidity.
⚠ Risk flags
- Residual shareholders who fail to tender during the 1-year exit window will remain locked into illiquid, unlisted equity shares
Key Highlights
Final exit price accepted by Acquirer is Rs 426 per share vs floor price of Rs 252 and indicative price of Rs 353
Delisting successful with 30,09,693 shares tendered, exceeding the minimum requirement of 25,29,733 shares
Promoter group post-offer holding reaches 91.96% (1,57,94,173 equity shares), surpassing the 90% delisting threshold
Settlement and consideration payout to accepted shareholders to be made on or about October 23, 2026
Residual shareholders permitted to tender shares at the exit price of Rs 426 for a 1-year window following official delisting
👀 What to Watch
Investors should monitor the crediting of delisting consideration on or about October 23, 2026, while residual public shareholders must track the forthcoming Exit Letter of Offer to participate in the one-year exit window at Rs 426 per share.
Delisting Offer Discovers Rs 425/share Price; Promoter Stake Crosses 90% Threshold
Hitech Corporation's reverse book building process for voluntary delisting closed on October 13, 2026, discovering a price of Rs 425 per share against a floor price of Rs 252 and indicative price of Rs 353. At or below the discovered price, 29,84,693 shares were successfully tendered, taking the promoter group's post-offer holding to 92.67% of remaining shares, surpassing the mandatory 90% delisting threshold. The delisting will be successful subject to the acquirer accepting this discovered price of Rs 425 per share. Total valid bids received were 34,16,208 shares across 778 bids.
Confidence: HIGH
What changedThe reverse book building concluded with 92.67% post-offer promoter acceptance at a discovered price of Rs 425 per share, clearing the 90% delisting threshold.
Why it mattersIf accepted by the promoter/acquirer, the company will proceed to delist from BSE and NSE at Rs 425 per share, a 13.9% premium over the last close of Rs 373.2.
Discovered Price: Rs. 425/- Per Equity ShareFloor Price: Rs. 252/- Per Equity ShareIndicative Price: Rs. 353/- Per Equity SharePost-Offer Promoter Shareholding: 92.67%Discovered Price vs Market Price (Rs 373.2): +13.9%
📅 Short termShare price is likely to track towards the discovered price of Rs 425, pending formal acceptance or rejection/counter-offer by the acquirer.
📈 Long termIf delisting concludes successfully, the company will cease trading on NSE and BSE, reducing liquidity to off-market transactions for remaining shareholders.
⚠ Risk flags
- Acquirer retains the option to reject the discovered price of Rs 425 or make a counter-offer, which could jeopardize the delisting.
Key Highlights
Discovered price determined at Rs 425 per share vs floor price of Rs 252 and indicative price of Rs 353
Promoter group holding reaches 92.67% of remaining shares (1,57,69,173 shares) at the discovered price, exceeding the 90% threshold
29,84,693 equity shares (17.38% of total equity) successfully bid at or below Rs 425 per share
Delisting offer size comprised 43,91,220 shares (25.57% of equity capital)
Delisting success is contingent on the acquirer formally accepting the discovered price of Rs 425 per share or making a counter-offer
👀 What to Watch
Track the upcoming post-offer public announcement to see whether the acquirer accepts the discovered price of Rs 425 per share or makes a counter-offer under SEBI delisting regulations.
Hitech Corp Independent Directors Back Delisting Offer at ₹353 Indicative Price
The Committee of Independent Directors (IDC) of Hitech Corporation has unanimously recommended the voluntary delisting offer made by promoter entity Geetanjali Trading and Investments. The offer seeks to acquire up to 43,91,220 shares (25.57% of equity) from public shareholders via reverse book building. The floor price is set at ₹252 per share, while the promoter's indicative price is ₹353 per share, which is near the current trading price of ₹345.2. IDC noted the indicative price is higher than the all-time high price on exchanges and represents a 2.11x multiple over the pre-announcement trading price.
Confidence: HIGH
What changedIndependent Directors issued a formal, reasoned recommendation confirming the delisting offer terms are fair and reasonable for public shareholders.
Why it mattersA successful delisting will take the company private, taking 25.57% of shares out of public hands at or above the discovered reverse book building price.
Offer shares: 43,91,220Public stake to acquire: 25.57%Floor price: ₹ 252 per Equity ShareIndicative price: ₹ 353 per Equity ShareIndicative offer value vs MCap: ~26.1%
📅 Short termShare price is likely to track near the indicative price of ₹353 during the bidding process as market participants evaluate participation in the reverse book building.
📈 Long termIf delisting succeeds, the stock will cease trading on NSE and BSE; if it fails, the company remains listed with 74.4% promoter holding.
⚠ Risk flags
- Delisting may fail if discovered price exceeds the price acceptable to acquirers
- Low liquidity post-delisting if shares are not tendered and delisting completes
Key Highlights
Delisting offer covers up to 43,91,220 shares representing 25.57% public shareholding
Floor price fixed at ₹252 per share; Indicative price offered at ₹353 per share
Indicative price is ~2.11x the last traded price prior to the initial announcement
BSE and NSE provided in-principle approval on September 25, 2026
IDC unanimously found the delisting offer fair and reasonable under SEBI regulations
👀 What to Watch
Track the upcoming reverse book building bidding window and final discovered price to see if the promoter accepts the discovered price or provides a counter-offer.
Hitech Corp Delisting Offer: Indicative Price at ₹353/share, Floor Price ₹252/share
Manager to the Offer, Kreo Capital, has released the Letter of Offer for the voluntary delisting of Hitech Corporation Limited by promoter entity Geetanjali Trading and Investments. The offer sets a Floor Price of ₹252 per share and an Indicative Price of ₹353 per share, compared to the current market price of ₹342.5. The reverse book-building bidding window opens on October 07, 2026, and closes on October 13, 2026. The promoter group currently holds 74.44% of the equity, requiring public shares to be tendered to meet the 90% delisting threshold.
Confidence: HIGH
What changedPromoter entity Geetanjali Trading and Investments has formally dispatched the Letter of Offer and schedule for the voluntary delisting of Hitech Corporation.
Why it mattersIf successful (reaching at least 90% total promoter holding at an accepted price), the company will delist from NSE and BSE, eliminating public equity liquidity.
Indicative Price: Rs. 353 PER EQUITY SHAREFloor Price: Rs.252/- PER EQUITY SHAREBid Opening Date: October 07, 2026Bid Closing Date: October 13, 2026Promoter Holding: 74.44%
📅 Short termTrading will likely reflect the bidding range between the ₹252 floor price and ₹353 indicative price until reverse book building concludes on October 13, 2026.
📈 Long termIf delisting succeeds, the stock will cease trading; if it fails, the stock remains listed subject to normal business operations and packaging sector dynamics.
⚠ Risk flags
- Delisting failure risk if tender threshold (90%) is not met
- Price rejection risk if discovered price exceeds acquirer acceptance limits
- Potential liquidity dry-up if delisting completes
Key Highlights
Indicative offer price set at ₹353 per equity share
Floor price established at ₹252 per equity share
Bidding opens on October 07, 2026 and closes on October 13, 2026
Announcement of discovered price or exit price scheduled by October 15, 2026
In-principle approvals received from BSE and NSE on September 25, 2026
👀 What to Watch
Public shareholders should track the reverse book-building process between October 07 and October 13, 2026, and watch whether the final discovered price is accepted or countered by the acquirer by October 15, 2026.
Hitech Corp Delisting LOF Issued: Indicative Price at ₹353, Floor Price at ₹252
Promoter group entity Geetanjali Trading and Investments has issued the Letter of Offer for the voluntary delisting of Hitech Corporation Limited from BSE and NSE. The delisting process sets an Indicative Price of ₹353 per share and a Floor Price of ₹252 per share via reverse book building. The bidding window opens on October 7, 2026, and closes on October 13, 2026. The indicative price represents a modest premium of ~3.1% to the current market price of ₹342.4.
Confidence: HIGH
What changedThe delisting process has formally advanced to the tendering stage with the dispatch of the Letter of Offer and confirmed bidding dates.
Why it mattersIf successful, the company will be taken private and delisted from the stock exchanges, ending public trading liquidity for equity shareholders.
Indicative Price: Rs. 353 per equity shareFloor Price: Rs. 252/- per equity shareBid Opening Date: October 07, 2026Bid Closing Date: October 13, 2026Indicative Price Premium vs Market Price: ~3.1%
📅 Short termTrading activity will likely align around the reverse book building dynamics and the indicative price of ₹353 ahead of the October 7-13 bidding window.
📈 Long termSuccessful delisting will privatize the firm; if the offer fails, public listing and ongoing diversification into non-paint packaging segments will continue.
⚠ Risk flags
- Delisting failure risk if the discovered price exceeds acquirer's acceptance threshold
- Minimum tender threshold risk under SEBI Delisting Regulations
Key Highlights
Indicative Offer Price set at ₹353 per equity share
Floor Price established at ₹252 per equity share
Bidding opens on October 07, 2026, and closes on October 13, 2026
Letter of Offer to be dispatched to public shareholders by September 30, 2026
👀 What to Watch
Track the bidding process between October 7 and October 13, 2026, to monitor discovered pricing and whether the promoter group accepts the final reverse book-building price.
Hitech Corp Forms Independent Directors Panel to Evaluate Delisting Offer by Promoter Group
Hitech Corporation has constituted a 5-member Committee of Independent Directors (IDC) following receipt of a Detailed Public Announcement for delisting. The delisting offer is initiated by Geetanjali Trading and Investments Private Limited, a promoter group entity. Promoter holding stands high at 74.44% as of recent filings, nearing the maximum public threshold limit. The IDC is tasked with providing reasoned recommendations on the delisting offer under Regulation 28 of SEBI Delisting Regulations.
Confidence: HIGH
What changedThe Board has formally set up an Independent Directors Committee to evaluate and advise on the proposed delisting by the promoter entity.
Why it mattersA successful delisting will result in the equity shares of Hitech Corporation being removed from NSE and BSE, impacting minority shareholder liquidity and price discovery.
Committee members count: 5DPA publication date: September 28, 2026Promoter holding: 74.44%Market capitalization: Rs 588 Cr
📅 Short termShare price is likely to react to delisting offer pricing terms, reverse book building discovery, and the independent committee's view.
📈 Long termIf successful, the company will transition to a privately held entity and cease trading on public exchanges.
⚠ Risk flags
- Delisting failure risk if threshold acceptance rates are not met during reverse book building
- Pricing risk if the discovered price is rejected by the promoter/acquirer
Key Highlights
Board constituted a 5-member Committee of Independent Directors via circular resolution on September 29, 2026
Detailed Public Announcement (DPA) was dated September 25, 2026, and published on September 28, 2026
Acquirer identified as Geetanjali Trading and Investments Private Limited, part of the promoter group (total promoter holding at 74.44%)
Kreo Capital Private Limited is acting as the Manager to the Delisting Offer
👀 What to Watch
Track the upcoming publication of the Independent Directors' reasoned recommendation, the floor price/offer price details, and the reverse book building bidding timelines.
Hitech Corp Delisting Moves Forward: Detailed Public Announcement Issued by Promoter Group
Hitech Corporation Limited has received and disclosed the Detailed Public Announcement (DPA) dated September 25, 2026, for a voluntary delisting offer. The offer is being made by promoter group entity Geetanjali Trading and Investments Private Limited via manager Kreo Capital. With promoters currently holding 74.44% of equity, this marks the formal initiation of the delisting process under SEBI Delisting Regulations. The DPA was published in newspapers on September 28, 2026, setting the stage for the bidding process.
Confidence: HIGH
What changedThe proposed delisting by the promoter group progressed to the formal Detailed Public Announcement stage published across national and regional dailies.
Why it mattersA successful delisting would take Hitech Corp private, requiring public shareholders (25.56% stake) to tender their shares through the reverse book-building mechanism.
Announcement date: September 28, 2026DPA execution date: September 25, 2026Current Promoter Holding: 74.44%Public Shareholding: 25.56%
📅 Short termStock price is likely to track the delisting offer price and counter-offer dynamics during the reverse book-building process.
📈 Long termIf delisting succeeds, the company will be taken private and cease trading on BSE and NSE; if unsuccessful, it will remain listed.
⚠ Risk flags
- Failure of delisting if the discovered price is rejected by the promoter or if the 90% threshold is not reached
- Price volatility around the reverse book building process
Key Highlights
Delisting offer initiated by Geetanjali Trading and Investments Private Limited (promoter group member)
DPA dated September 25, 2026, officially published on September 28, 2026
Kreo Capital Private Limited appointed as the Manager to the Delisting Offer
Promoter group currently holds 74.44% equity against a total market cap of ₹586 Cr
👀 What to Watch
Track the upcoming bidding window dates, floor price, and reverse book building (RBB) discovery price in the full DPA letter.
Hitech Corp Receives In-Principle Delisting Approval from BSE and NSE
Hitech Corporation Limited has received in-principle approval from both BSE and NSE on September 25, 2026, for the proposed voluntary delisting of its equity shares under SEBI Delisting Regulations. The promoter group currently holds a 74.44% stake in the packaging company, which has a market cap of approximately Rs 567 Cr. The final delisting application must be submitted within one year of passing the special resolution, subject to satisfying exchange conditions and delisting regulations. This moves the delisting process to the reverse book-building stage, where public shareholders will tender their shares.
Confidence: HIGH
What changedBoth BSE and NSE have granted in-principle approvals for voluntary delisting under SEBI regulations.
Why it mattersDelisting directly impacts stock liquidity and ownership structure; if successful, public trading on exchanges will cease at the discovered exit price.
Approval Date: September 25, 2026Final application timeline: within one year of passing special resolutionPromoter Holding: 74.44%Market Capitalization: Rs 567 Cr
📅 Short termTrading may be influenced by speculation surrounding the delisting floor price and expected tender premium during the reverse book building process.
📈 Long termIf the delisting succeeds, the company will transition into a privately held entity, resulting in equity shares being delisted from stock exchanges.
⚠ Risk flags
- Delisting risk: offer may fail if the final discovered price is rejected by promoters or if the 90% post-offer threshold is not met
Key Highlights
Received in-principle approval letters dated September 25, 2026, from both BSE and NSE
Final application for delisting must be made within 1 year of passing the special resolution
Company must confirm no pending litigation or actions in the securities market with material shareholder impact
Current promoter holding stands at 74.44% against a total market cap of Rs 567 Cr
👀 What to Watch
Investors should watch for the announcement of the floor price, detailed public announcement (DPA), and the reverse book building bidding dates to determine the discovered exit price.
Hitech Corp Sets Sept 4, 2026 Record Date for ₹1.00/Share Final Dividend
Hitech Corporation Limited has scheduled its 35th Annual General Meeting (AGM) for September 24, 2026. The company has fixed Friday, September 04, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹1.00 per share (10% of face value ₹10) for FY26. If approved at the AGM, the dividend will be disbursed on or after September 24, 2026. Remote e-voting for shareholders will be open from September 21 to September 23, 2026.
Confidence: HIGH
What changedFormal fixation of the record date (September 04, 2026) and AGM date (September 24, 2026) for the FY26 final dividend of ₹1.00 per share.
Why it mattersConfirms the timeline for cash distribution to shareholders following FY26 net profit of ₹15.19 Cr.
Dividend per share: ₹1.00Dividend percentage: 10%Record date: September 04, 2026AGM date: September 24, 2026
📅 Short termStock may trade ex-dividend around September 03-04, 2026, with dividend yield around 0.3% based on the current share price of ₹335.9.
📈 Long termLimited; routine annual dividend payout consistent with earnings recovery.
Key Highlights
Final dividend recommended at ₹1.00 per equity share of face value ₹10 (10%)
Record date for dividend entitlement fixed as September 04, 2026
35th AGM scheduled via video conferencing on September 24, 2026 at 3:30 PM IST
Dividend payment date scheduled on or after September 24, 2026 subject to approval
👀 What to Watch
Investors seeking dividend entitlement must hold shares before the ex-dividend/record date of September 04, 2026. Track AGM voting outcomes on September 24, 2026.
Hitech Corp Q1 Standalone PAT Surges 81.7% YoY to ₹6.18 Cr; VP-Technology to Retire
Hitech Corporation reported a strong Q1 (ended June 30, 2026) standalone revenue of ₹210.84 Cr, up 37.9% YoY from ₹152.82 Cr. Standalone net profit rose 81.7% YoY to ₹6.18 Cr compared to ₹3.40 Cr in the corresponding quarter of the previous year. Alongside results, the company announced the retirement of Mr. V.S.R. Anjaneyulu, Vice President - Technology Center (Senior Managerial Personnel), effective September 5, 2026. Additionally, the company reiterated that shareholders approved a voluntary delisting proposal on July 10, 2026, which is pending further regulatory clearances.
Confidence: HIGH
What changedHitech Corp reported Q1 FY27 audited earnings showing sharp YoY revenue and profit growth, and notified the scheduled retirement of its VP of Technology.
Why it mattersStrong quarterly growth reflects momentum in operating segments, though the ongoing voluntary delisting process remains the primary structural corporate development for shareholders.
Q1 Revenue from operations: ₹21,083.64 lakhsQ1 Net Profit: ₹618.13 lakhsQ1 Basic EPS: ₹3.60Effective date of VP retirement: September 05, 2026
📅 Short termEarnings performance demonstrates robust operational growth, though trading and sentiment will likely stay anchored to delisting updates.
📈 Long termContingent on the voluntary delisting timeline; if delisted, the company will cease trading on public bourses.
⚠ Risk flags
- Uncertainty around the reverse book building and final pricing in the ongoing voluntary delisting process
- Customer concentration risk in the packaging division (paints and chemicals)
Key Highlights
Standalone revenue from operations reached ₹210.84 Cr in Q1 FY27, growing 37.96% YoY from ₹152.82 Cr
Net profit for the quarter rose 81.73% YoY to ₹6.18 Cr vs ₹3.40 Cr in Q1 FY26
Basic EPS stood at ₹3.60 for the quarter compared to ₹1.98 in Q1 FY26
Mr. V.S.R. Anjaneyulu, VP - Technology Center, to retire effective September 5, 2026
Voluntary delisting process progressing following shareholder approval via postal ballot on July 10, 2026
👀 What to Watch
Track progress and regulatory approvals regarding the company's proposed voluntary delisting process, alongside monitoring whether margin expansion is maintained in subsequent quarters.
Hitech Corp Q1 PAT Up 81.7% YoY to ₹6.18 Cr; Revenue Climbs 38.0% to ₹210.84 Cr
Hitech Corporation reported standalone revenue from operations of ₹210.84 Cr for the quarter ended June 30, 2026, up 37.96% YoY from ₹152.82 Cr in the prior-year period. Net profit rose 81.73% YoY to ₹6.18 Cr compared to ₹3.40 Cr in Q1 FY26, translating to a quarterly basic EPS of ₹3.60 (vs ₹1.98 YoY). Additionally, the company noted that shareholders approved voluntary delisting via Postal Ballot on July 10, 2026, and regulatory approvals are underway.
Confidence: HIGH
What changedHitech Corp announced its audited standalone financial results for Q1 ended June 30, 2026, alongside an update on voluntary delisting progress and the retirement of its VP - Technology Center.
Why it mattersRobust quarterly top-line expansion (annualised run rate significantly above FY26 revenue of ₹640 Cr) and profit growth demonstrate operational momentum, while the pending delisting process is the central driver for public shareholders.
Standalone Revenue from Operations (Q1): ₹21,083.64 lakhsStandalone Net Profit (Q1): ₹618.13 lakhsBasic EPS (Q1): ₹3.60Q1 Revenue vs FY26 TTM Revenue: ~32.9%Shareholder Delisting Approval Date: 10th July 2026
📅 Short termStrong YoY operational performance (+82% PAT) supports business fundamentals, while stock price dynamics will remain heavily tethered to voluntary delisting developments.
📈 Long termSubject to successful delisting, the company may cease to trade publicly; structurally, business diversification beyond paint packaging continues to support revenue scale.
⚠ Risk flags
- Delisting process outcome and pricing uncertainty for minority shareholders
- High customer concentration in the paint and adhesives sector
- Crude-linked polymer price volatility and potential lag in cost pass-through
Key Highlights
Standalone revenue from operations surged 37.96% YoY to ₹21,083.64 lakhs (₹210.84 Cr) vs ₹15,282.06 lakhs in Q1 FY26
Net profit jumped 81.73% YoY to ₹618.13 lakhs (₹6.18 Cr) compared to ₹340.14 lakhs in Q1 FY26
Basic and diluted EPS stood at ₹3.60 per share for the quarter vs ₹1.98 in Q1 FY26
Shareholders approved voluntary delisting of equity shares via Postal Ballot on July 10, 2026; regulatory approvals in progress
Retirement of Senior Managerial Personnel Mr. V.S.R. Anjaneyulu (VP - Technology Center) approved, effective September 05, 2026
👀 What to Watch
Track the regulatory clearance and reverse book building / pricing milestones for the voluntary delisting process, alongside monitoring raw material margin absorption in upcoming quarters.
99.67% Approval for Voluntary Delisting of Hitech Corporation Limited
Shareholders of Hitech Corporation have approved the voluntary delisting of the company from BSE and NSE through a special resolution. The proposal received overwhelming support with 99.67% of total votes in favor, and public shareholder support was approximately 19.4 times the votes against, comfortably exceeding the SEBI-mandated 2:1 ratio. Additionally, the re-appointment of Mr. Malav Dani as Managing Director and the appointment of Mr. Mehli Golvala as an Independent Director were approved with over 99.9% majorities. This marks a critical step toward the company transitioning into a private entity.
Confidence: HIGH
What changedShareholders have formally authorized the promoters to proceed with the voluntary delisting of the company's equity shares from the stock exchanges.
Why it mattersThis is a major corporate event that will lead to the company becoming private; if successful, minority shareholders will be offered an exit, after which the stock will no longer be tradeable on public exchanges.
Total Shareholders: 8,477Delisting Approval (Total): 99.67%Public Votes (In Favor): 866,690Public Votes (Against): 44,505Promoter Holding: 74.44%
📅 Short termThe stock price is likely to be driven by speculation regarding the potential exit price in the reverse book-building process over the coming weeks.
📈 Long termIf the delisting is successful, the company will cease to be a public entity; if it fails due to price disagreement, the company will remain listed with its current operational focus on packaging for FMCG and paints.
⚠ Risk flags
- Exit price discovery risk
- Liquidity risk for shareholders who do not tender if delisting is successful
- Potential failure of delisting if promoters reject the discovered price
Key Highlights
Voluntary delisting resolution passed with 13,365,370 votes in favor (99.67% of total polled)
Public shareholder support for delisting stood at 866,690 votes in favor versus 44,505 against
Re-appointment of Managing Director Malav Dani approved with 99.95% majority (13,682,545 votes)
Total of 8,477 shareholders were on record as of the June 5, 2026, cut-off date
The delisting process satisfied Regulation 11(4) of SEBI Delisting Regulations requiring a 2x majority from public shareholders
👀 What to Watch
Investors should monitor the upcoming reverse book-building process which will determine the final exit price. Compare the discovered price against the company's book value and TTM EPS of Rs 8.84 to assess the fairness of the offer.
Hitech Corp Proposes Voluntary Delisting and Re-appointment of MD Malav Dani
Hitech Corporation Limited has issued a postal ballot notice seeking shareholder approval for voluntary delisting from BSE and NSE, initiated by the promoter group entity Geetanjali Trading And Investments. The company also proposes the re-appointment of Mr. Malav Dani as Managing Director for a five-year term starting August 5, 2026, with an annual gross salary of INR 63 lakhs. Additionally, the appointment of Mr. Mehli Golvala as an Independent Director is on the agenda. Shareholders can cast their votes electronically between June 11 and July 10, 2026.
Key Highlights
Proposal for voluntary delisting from BSE and NSE following an Initial Public Announcement on May 25, 2026.
Re-appointment of Mr. Malav Dani as Managing Director for a 5-year tenure (2026-2031) at INR 63 lakhs per annum.
Appointment of Mr. Mehli Golvala as an Independent Non-Executive Director for shareholder approval.
Remote e-voting period scheduled from June 11, 2026, to July 10, 2026, with results by July 14.
Delisting offer is being made by Geetanjali Trading And Investments Private Limited, a member of the promoter group.
👀 What to Watch
Investors should closely monitor the delisting process, specifically the floor price and reverse book-building results, to determine whether to tender their shares. Shareholders should also evaluate the MD's remuneration and the new director's profile before casting their votes by July 10.
Hitech Corp Board Approves Voluntary Delisting; Indicative Offer Price Set at ₹353 Per Share
The Board of Hitech Corporation has approved a voluntary delisting proposal from its promoter group entity, Geetanjali Trading and Investments Private Limited. The acquirer intends to purchase the 25.57% public shareholding (43,91,220 shares) to take the company private. While the floor price is set at ₹252 per share, the acquirer has announced a significantly higher indicative offer price of ₹353 per share. The proposal now awaits shareholder approval through a postal ballot and the reverse book-building process.
Key Highlights
Indicative offer price of ₹353 per share represents a 40% premium over the floor price of ₹252.
The delisting targets 43,91,220 equity shares held by public shareholders, representing 25.57% of the company.
Promoter group currently holds 1,27,84,480 shares, equivalent to 74.43% of the paid-up capital.
The Board has reviewed the due diligence and audit reports, certifying compliance with SEBI Delisting Regulations.
Final delisting is subject to shareholder approval via postal ballot and successful reverse book-building.
👀 What to Watch
Investors should watch for the postal ballot notice and consider the indicative price of ₹353 as a benchmark for the upcoming reverse book-building process. Existing shareholders may see the stock price align closer to the indicative offer price in the short term.
Hitech Corp Board Approves Voluntary Delisting; Indicative Offer Price Set at ₹353 per Share
The Board of Hitech Corporation has approved a voluntary delisting proposal from its promoter group, Geetanjali Trading and Investments Private Limited. The floor price for the acquisition of the 25.57% public shareholding (43,91,220 shares) is set at ₹252 per share, while the acquirer has provided an indicative offer price of ₹353 per share. The delisting is now subject to shareholder approval via postal ballot and the successful completion of the reverse book-building process.
Key Highlights
Promoter group seeks to acquire 43,91,220 equity shares representing 25.57% of the total paid-up capital.
Indicative offer price of ₹353 per share represents a 40% premium over the regulatory floor price of ₹252.
Promoters currently hold 74.43% (1,27,84,480 shares) of the company as of June 3, 2026.
The Board has certified that the delisting proposal is in the interest of the shareholders and compliant with SEBI regulations.
Final exit price will be determined through the Reverse Book Building (RBB) process as per SEBI Delisting Regulations.
👀 What to Watch
Investors should watch for the postal ballot notice to cast their vote and monitor the reverse book-building process to decide whether to tender shares at the indicative price or a higher bid.
Hitech Corp Board to Meet June 9 for Delisting; Indicative Offer Price Set at ₹353/Share
Hitech Corporation Limited has scheduled a Board meeting on June 9, 2026, to consider a voluntary delisting proposal from its promoter group, Geetanjali Trading and Investments Private Limited. The acquirer has proposed an indicative offer price of ₹353 per share, which represents a significant 40.08% premium over the floor price of ₹252. The Board will review due diligence reports and valuation certificates to decide on the proposal, which aims to acquire all public equity shares and delist from BSE and NSE.
Key Highlights
Board meeting on June 9, 2026, to evaluate the voluntary delisting proposal from the promoter group.
Indicative offer price of ₹353 per share is a 40.08% premium over the floor price of ₹252.
The proposal involves the acquisition of all fully paid-up equity shares from public shareholders.
Trading window is closed for insiders until 48 hours after the announcement of the Board meeting outcome.
👀 What to Watch
Investors should monitor the outcome of the June 9 Board meeting as the proposed premium is substantial; however, the final delisting is subject to Board approval, shareholder voting, and regulatory clearances.
Hitech Corp Appoints New Peer Review CS for Voluntary Delisting Due Diligence
Hitech Corporation Limited has announced a change in the Peer Review Company Secretary appointed for its voluntary delisting process. Mrs. Prerana Jadhav has been appointed to replace M/s. Robert Pavrey & Associates LLP, who expressed unavailability due to exigencies. This appointment, made via circular resolution on June 4, 2026, is essential for conducting due diligence under SEBI Delisting Regulations. The move ensures that the delisting process remains compliant with statutory timelines and proceeds without interruption.
Key Highlights
Appointment of Mrs. Prerana Jadhav (Peer Review No. 2751/2022) as the new Peer Review Company Secretary.
Replacement of M/s. Robert Pavrey & Associates LLP following their communication of unavailability on June 4, 2026.
Due diligence to be conducted in accordance with Regulation 10(2) and 10(3) of SEBI Delisting Regulations.
The appointee will also carry out audits as per Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018.
👀 What to Watch
Investors should continue to monitor the progress of the voluntary delisting proposal as the due diligence phase is a critical step toward determining the final offer. No immediate action is required until further details on the delisting price and timelines are released.
Hitech Corporation Sets Delisting Floor Price at ₹252 and Indicative Price at ₹353
Hitech Corporation's promoter, Geetanjali Trading and Investments, is proceeding with a voluntary delisting of the company's equity shares. An independent valuer has determined the regulatory floor price to be ₹252 per share based on SEBI guidelines. Notably, the acquirer has proposed an indicative offer price of ₹353 per share, representing a significant premium over the floor price. The company has appointed a peer-review firm to conduct the mandatory due diligence required for the delisting process.
Key Highlights
Floor price determined at ₹252 per equity share based on Adjusted Book Value and 60-day VWAP.
Acquirer has offered an Indicative Price of ₹353 per share, which is ~40% higher than the floor price.
Promoter and promoter group currently hold 74.43% of the company's total paid-up equity capital.
M/s. Robert Pavrey & Associates LLP appointed to carry out mandatory due diligence and audit.
The reference date for the floor price determination was set as May 26, 2026.
👀 What to Watch
Investors should note the indicative price of ₹353 as a potential exit point, but the final exit price will be determined through the reverse book-building process. Monitor upcoming board approvals and the letter of offer for specific timelines.
