Hitech Corporation Announces Voluntary Delisting Offer, LOF Issued
Hitech Corporation Limited is proceeding with its voluntary delisting from BSE and NSE. A Letter of Offer (LOF) has been issued by the promoter group's Geetanjali Trading and Investments Private Limited. The indicative price is ₹353 per share, with a floor price of ₹252. Bidding opens on October 7, 2026, and closes on October 13, 2026.
Delisting from stock exchanges is a significant corporate action that affects liquidity for public shareholders and the company's public profile. The offer price and process details are material information for investors.
The announcement details a procedural step in the voluntary delisting process, which is a standard corporate action. While it provides key dates and prices for the offer, it does not contain information that would strongly indicate a positive or negative financial impact on the company itself at this stage.
Hitech Corporation Limited has announced the receipt of a Letter of Offer (LOF) dated September 29, 2026, regarding the proposed voluntary delisting of its equity shares from BSE Limited and the National Stock Exchange of India Limited. The LOF was issued by Kreo Capital Private Limited, acting as the Manager to the Delisting Offer, on behalf of Geetanjali Trading and Investments Private Limited, a member of the promoter group.
The delisting process is being undertaken in accordance with the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, as amended. The Acquirer, Geetanjali Trading and Investments Private Limited, along with other promoter group members, intends to acquire all equity shares held by public shareholders. The LOF will be dispatched to all public shareholders by September 30, 2026. The company's website will also host the LOF.
The delisting offer follows an Initial Public Announcement (IPA) on May 25, 2026, and a Detailed Public Announcement (DPA) on September 28, 2026. The indicative price offered is ₹353 per equity share, with a floor price set at ₹252 per equity share. The bid opening date is scheduled for October 7, 2026, and the bid closing date is October 13, 2026. The company's board had previously approved the delisting proposal on June 9, 2026, and shareholders approved it via a special resolution on July 10, 2026. BSE and NSE issued their in-principle approvals on September 25, 2026.
What to do with a filing like this
Hitech Corporation 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 Hitech Corporation Limited. Read the original for the full detail.