Hitech Corp Board Approves Voluntary Delisting

Hitech Corporation Ltd's Board of Directors has approved a voluntary delisting of the company's equity shares from both the BSE and NSE. This decision follows an initial public announcement from Kreo Capital Private Limited, acting on behalf of Geetanjali Trading and Investments Private Limited, a member of the promoter group. The offer aims to acquire all equity shares held by public shareholders. The indicative offer price is ₹353 per share, with a floor price of ₹252 per share. The Board has taken on record the due diligence report and share capital audit report, and has consented to the delisting proposal, subject to shareholder approval via postal ballot and other regulatory requirements.