Hitech Corporation Delisting Successful: Exit Price Set at ₹426 per Share
Hitech Corporation Limited's delisting offer is successful with an Exit Price of ₹426 per share. Over 30 lakh shares were tendered, exceeding the minimum requirement. Payments to shareholders will be made around October 23, 2026. The company also reported its financial results for the quarter and six months ended September 30, 2026.
Delisting is a significant corporate action that fundamentally changes the company's status on stock exchanges, impacting liquidity and public trading.
The delisting offer has been successfully completed, which is a positive development for the company and its stakeholders involved in the process.
Hitech Corporation Limited has announced the successful completion of its delisting offer. The company has received a Post Offer Public Announcement from Kreo Capital Private Limited, the Manager to the Delisting Offer. The Reverse Book Building Process (RBBP) resulted in a discovered price of ₹425 per equity share, which the Acquirer has accepted as the Final Exit Price of ₹426 per Equity Share. The delisting offer is deemed successful as 30,09,693 equity shares were validly tendered, exceeding the minimum acceptance condition of 25,29,733 shares. Post-acquisition, the shareholding of the Acquirer, Promoters, and Promoter Group will be 91.96% of the company's equity share capital.
Payment of consideration to public shareholders whose bids were accepted will be made on or about October 23, 2026. Shares that were rejected due to bid prices higher than the exit price will be returned by the same date. Residual shareholders who did not participate or whose bids were unsuccessful will have a one-year exit window to offer their shares to the Acquirer at the Exit Price, starting from the date of delisting.
The company also provided consolidated financial results for the quarter and six months ended September 30, 2026. Total Income from Operations for the quarter was ₹16,633.3 million, with a Net Profit After Tax of ₹4,388.6 million. For the six-month period, Total Income from Operations was ₹14,224.6 million, and Net Profit After Tax was ₹4,249.8 million.
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 high impact, which is the band that most often changes something.
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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.