Delisting25 Sept 2026, 06:00 pm
Hitech Corporation Ltd Receives In-Principle Delisting Approval
AI Summary
Hitech Corporation Ltd has received in-principle approval from both BSE Limited and National Stock Exchange of India Limited for the voluntary delisting of its equity shares. This approval is in accordance with Regulation 12 of the SEBI (Delisting of Equity Shares) Regulations, 2021. The company must comply with several conditions, including making a final application within one year of passing a special resolution, obtaining prior approval from all recognized stock exchanges, and confirming no pending litigation that materially affects shareholders. The exchanges reserve the right to withdraw approval if information is found to be incomplete or misleading.
Key Highlights
- In-principle approval received from BSE and NSE for voluntary delisting.
- Approval is subject to compliance with SEBI (Delisting of Equity Shares) Regulations, 2021.
- Company must apply for final delisting within one year of special resolution.
- Confirmation of no pending material litigation required.
- Exchanges reserve right to withdraw approval based on submitted information.
Price Impact
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