Board Meeting4 Jun 2026, 06:41 pm
Hitech Corp Board to Consider Voluntary Delisting on June 9
AI Summary
Hitech Corporation Ltd has announced that its Board of Directors will convene on June 9, 2026, to consider a proposal for the voluntary delisting of the company's equity shares. This follows an Initial Public Announcement by Geetanjali Trading and Investments Private Limited, a promoter group member, to acquire all shares from public shareholders. The indicative offer price is ₹353 per share, a 40.08% premium over the floor price of ₹252. The board will review due diligence reports, a floor price certificate, and an audit report before deciding on the delisting proposal. The trading window will remain closed until 48 hours after the board meeting outcome.
Key Highlights
- Board meeting scheduled for June 9, 2026, to consider voluntary delisting.
- Acquirer proposes to buy back shares at ₹353, a 40.08% premium to floor price.
- Delisting proposal to be decided after reviewing due diligence and audit reports.
- Trading window closed until 48 hours post-announcement of board decision.
Price Impact
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