Business Update21 Feb 2026, 08:32 pm
Nitin Castings Ltd. Announces Voluntary Delisting from BSE Following Acquirers' Intent
AI Summary
Nitin Castings Ltd. has announced its intention to voluntarily delist its equity shares from BSE. This decision comes after receiving an Initial Public Announcement from Mr. Nirmal Kedia, Mr. Nitin Kedia, and M/s. Citrus Castings Private Limited, expressing their intention to acquire all equity shares of the company held by public shareholders and delist the shares from BSE. The company's Board has approved the delisting, subject to shareholder approval, and has appointed M/s. Kala Agarwal as the Scrutinizer to conduct the Postal Ballot / e-voting process.
Key Highlights
- Nitin Castings Ltd. to voluntarily delist from BSE
- Decision follows Acquirers' intention to acquire and delist shares
- Shareholder approval required for the delisting
- M/s. Kala Agarwal appointed as Scrutinizer for Postal Ballot / e-voting process
- Floor price of the delisting offer determined at ₹273.36 per Equity Share