Consolidated Finvest Board Approves Delisting Proposal
Consolidated Finvest & Holdings Limited's Board approved a delisting proposal. The floor price is ₹306.25 and the indicative price is ₹307.00 per share. Shareholder approval will be sought via postal ballot. The board meeting took place on September 23, 2026.
Delisting is a significant corporate action that can impact the company's structure and shareholder base.
The approval of the delisting proposal by the board is a positive step towards the company's strategic direction.
The Board of Directors of Consolidated Finvest & Holdings Limited met on September 23, 2026, to discuss and approve the delisting proposal. The board took on record the Due-Diligence Report dated September 23, 2026, and the Reconciliation of Share Capital Audit Report dated September 23, 2026, both submitted by M/s Bhumika & Co.
Furthermore, the board noted the floor price of ₹306.25 per equity share and an indicative price of ₹307.00 per equity share, as communicated by the Acquirer and PAC, supported by a valuation report dated September 23, 2026, from ICON Valuation LLP. The board has approved the Delisting Proposal, subject to shareholder approval, and certified compliance with SEBI Delisting Regulations, 2021, deeming the delisting to be in the interest of public shareholders.
The company will seek shareholder approval for the delisting proposal through a postal ballot. M/s Pragnya Parimita Pradhan has been appointed as the scrutinizer for the e-voting/postal ballot process. The board also approved the Notice of Postal Ballot and authorized company representatives to finalize and issue related documents. MUFG Intime India Private Limited has been appointed as the Registrar and Transfer Agent to provide e-voting services.
The board meeting commenced at 4:00 P.M. and concluded at 6:00 P.M. The cut-off date for sending the Postal Ballot Notice to members has been fixed as Friday, September 18, 2026.
What to do with a filing like this
Consolidated Finvest & Holdings Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Consolidated Finvest & Holdings Limited. Read the original for the full detail.