
Delisting1 Aug 2026, 01:00 pm
Nitin Castings Independent Directors Review Delisting Offer
AI Summary
The Committee of Independent Directors of Nitin Castings Ltd met on August 1, 2026, to discuss and review a Delisting Offer from promoters Nirmal B. Kedia, Nitin S. Kedia, and Citrus Castings Private Limited. The offer is to acquire 14,70,894 equity shares, representing 28.61% of the company's capital, at ₹273.36 per share. The committee has made recommendations on the Delisting Offer in accordance with SEBI regulations. These recommendations will be published on August 3, 2026, in the same newspapers as the Detailed Public Announcement and submitted to BSE.
Key Highlights
- Independent Directors reviewed promoter-led delisting offer.
- Offer price set at ₹273.36 per share for 28.61% stake.
- Recommendations to be published on August 3, 2026.
- Meeting held on August 1, 2026, to discuss the offer.
Price Impact
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