Hitech Corporation Limited 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 from the stock exchanges. This decision follows an Initial Public Announcement made on May 25, 2026, by Kreo Capital Private Limited, acting as the manager to the offer for Geetanjali Trading and Investments Private Limited. The acquirer, along with other promoter group members, intends to acquire all fully paid-up equity shares from public shareholders and subsequently delist the shares from BSE Limited and the National Stock Exchange of India Limited. The indicative offer price for the delisting is ₹353 per equity share, representing a premium of 40.08% over the floor price of ₹252, as per SEBI Delisting Regulations. The Board meeting on June 9, 2026, will review the due diligence report from a company secretary, a floor price certificate from a chartered accountant dated May 28, 2026, and an audit report as required by SEBI (Depositories and Participants) Regulations, 2018. The Board will then consider approving or rejecting the delisting proposal and other incidental matters, including seeking shareholder approval if necessary. In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for the company will remain closed until 48 hours after the announcement of the outcome of the Board meeting.
