Nilachal Refractories Ltd. Approves Voluntary Delisting from BSE and CSE

Nilachal Refractories Ltd. has received an Initial Public Announcement/Public Announcement (IPA/PA) from SFAL Speciality Alloys Limited (Acquirer) expressing its intention to acquire all equity shares of the Company held by public shareholders and voluntarily delist the Equity Shares from BSE and CSE. The Board of Directors has approved the voluntary delisting, subject to shareholder approval, and has taken on record the Due Diligence Report and Audit Report. The Board has certified that the Company is in compliance with securities laws, the Acquirer is in compliance with securities laws, and the Delisting Offer is in the interest of the shareholders.