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நேரலைசமீபத்திய அறிவிப்பு: 2026-10-29 20:21இன்று 0 பகுப்பாய்வு செய்யப்பட்டது
குறிப்பு: இவை NSE பொது அறிக்கைகளின் AI-உருவாக்கிய, கல்வி நோக்கச் சுருக்கங்கள் — ஒவ்வொரு ஆவணத்தையும் ஆதாரமாகக் கொண்டவை, ஆனால் முதலீட்டு ஆலோசனை அல்ல, மேலும் முழுமையற்றதாகவும் இருக்கலாம். அசல் அறிக்கையுடன் சரிபார்க்கவும், செயல்படுவதற்கு முன் SEBI-பதிவு பெற்ற முதலீட்டு ஆலோசகரை அணுகவும்.
Promoter Acquires 17.52% Stake (30.1 Lakh Shares) in Hitech Corp via Voluntary Delisting
Promoter group entity Geetanjali Trading and Investments Private Limited has acquired 30,09,593 equity shares (17.52% stake) of Hitech Corporation Limited via a voluntary delisting offer completed on October 23, 2026. Following this transaction, Geetanjali Trading's shareholding increased from 69.11% (1,18,69,295 shares) to 86.63% (1,48,78,888 shares). The disclosure was submitted under SEBI Insider Trading regulations on October 29, 2026, confirming the progress of the company's voluntary delisting process.
உச்சம் நம்பிக்கை
என்ன மாறியதுPromoter group entity Geetanjali Trading acquired 17.52% equity from public shareholders via a voluntary delisting offer, raising its holding to 86.63%.
ஏன் இது முக்கியம்This marks a critical step towards the full delisting of Hitech Corporation from BSE and NSE, significantly reducing public float and indicating progress toward privatization.
📅 குறுகிய காலம்Remaining public shareholders will observe reduced liquidity and await details on the residual exit offer window under delisting regulations.
📈 நீண்ட காலம்The company will transition from a publicly listed entity to a private promoter-held company, ending public market trading.
⚠ அபாய எச்சரிக்கைகள்
Severe liquidity contraction for any non-tendering retail shareholders
Potential risk of holding unlisted equity if delisting completes and shares are not tendered
👀 கவனிக்க வேண்டியவை
Track subsequent exchange announcements regarding the final delisting timeline, exit offer window for remaining public shareholders, and the final delisting date.
Hitech Corporation disclosed a corrigendum issued by the delisting offer manager (Kreo Capital) clarifying that 100 physically tendered shares were rejected due to defective documentation. Consequently, validly tendered shares stand adjusted slightly to 30,09,593 shares (down from 30,09,693). Post-acquisition, promoter group shareholding will reach 91.96% (92.82% excluding non-applicable categories), surpassing the 90% delisting threshold. The delisting offer remains officially successful.
உச்சம் நம்பிக்கை
என்ன மாறியதுA minor administrative correction was made to the reverse book building count, adjusting accepted shares down by 100 shares following physical bid rejections.
ஏன் இது முக்கியம்Confirms the final share count and reaffirms that the promoter group crosses the statutory 90% mark, ensuring the delisting of the company proceeds as planned.
📅 குறுகிய காலம்Trading liquidity will dry up ahead of formal suspension as the delisting progresses toward completion and settlement.
📈 நீண்ட காலம்The company will cease to be publicly traded once formal delisting formalities conclude.
⚠ அபாய எச்சரிக்கைகள்
Loss of liquidity for remaining public shareholders who do not tender or exit before delisting completion
👀 கவனிக்க வேண்டியவை
Track the upcoming final settlement, payment timeline for accepted shares, and the formal trading suspension and delisting dates notified by BSE and NSE.
Hitech Corp Delisting Offer Deemed Successful at Exit Price of ₹426/Share
Hitech Corporation Limited's promoter group delisting offer has succeeded as post-offer holding exceeded the 90% threshold under SEBI Delisting Regulations. The promoter group Acquirer, Geetanjali Trading and Investments Pvt Ltd, sought up to 43,91,220 shares (25.57% of equity capital) with a floor price of ₹252 and indicative price of ₹351 per share. The discovered price was determined at ₹425 per share, and the Acquirer declared an exit price of ₹426 per share, slightly above the current market price of ₹411.4.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe voluntary delisting offer has crossed the required 90% threshold, and the Acquirer has accepted the offer with a final exit price of ₹426 per share.
ஏன் இது முக்கியம்The company will be delisted from BSE and NSE; public shareholders are being bought out at ₹426 per share, representing a premium over the ₹411.4 market price.
Exit Price: Rs. 426/- per Equity ShareDiscovered Price: Rs. 425/- per Equity ShareFloor Price: Rs. 252/- per Equity ShareIndicative Price: Rs. 351/- per Equity ShareShares sought to be acquired: 43,91,220 Equity SharesPublic shareholding targeted: 25.57%
📅 குறுகிய காலம்Trading liquidity will cease as the stock moves toward formal suspension and delisting, with tendering shareholders receiving ₹426 per share.
📈 நீண்ட காலம்The company will become a privately held entity under the promoter group and will no longer trade on public exchanges.
⚠ அபாய எச்சரிக்கைகள்
Illiquidity risk for public shareholders who fail to tender during the delisting/exit windows
👀 கவனிக்க வேண்டியவை
Track the settlement and payout timeline for shareholders who tendered shares, and watch for subsequent instructions and windows for remaining public shareholders to tender at the exit price.
Hitech Corporation's reverse book building process for voluntary delisting closed on October 13, 2026, discovering a price of Rs 425 per share against a floor price of Rs 252 and indicative price of Rs 353. At or below the discovered price, 29,84,693 shares were successfully tendered, taking the promoter group's post-offer holding to 92.67% of remaining shares, surpassing the mandatory 90% delisting threshold. The delisting will be successful subject to the acquirer accepting this discovered price of Rs 425 per share. Total valid bids received were 34,16,208 shares across 778 bids.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe reverse book building concluded with 92.67% post-offer promoter acceptance at a discovered price of Rs 425 per share, clearing the 90% delisting threshold.
ஏன் இது முக்கியம்If accepted by the promoter/acquirer, the company will proceed to delist from BSE and NSE at Rs 425 per share, a 13.9% premium over the last close of Rs 373.2.
Discovered Price: Rs. 425/- Per Equity ShareFloor Price: Rs. 252/- Per Equity ShareIndicative Price: Rs. 353/- Per Equity SharePost-Offer Promoter Shareholding: 92.67%Discovered Price vs Market Price (Rs 373.2): +13.9%
📅 குறுகிய காலம்Share price is likely to track towards the discovered price of Rs 425, pending formal acceptance or rejection/counter-offer by the acquirer.
📈 நீண்ட காலம்If delisting concludes successfully, the company will cease trading on NSE and BSE, reducing liquidity to off-market transactions for remaining shareholders.
⚠ அபாய எச்சரிக்கைகள்
Acquirer retains the option to reject the discovered price of Rs 425 or make a counter-offer, which could jeopardize the delisting.
👀 கவனிக்க வேண்டியவை
Track the upcoming post-offer public announcement to see whether the acquirer accepts the discovered price of Rs 425 per share or makes a counter-offer under SEBI delisting regulations.
Hitech Corp Independent Directors Back Delisting Offer at ₹353 Indicative Price
The Committee of Independent Directors (IDC) of Hitech Corporation has unanimously recommended the voluntary delisting offer made by promoter entity Geetanjali Trading and Investments. The offer seeks to acquire up to 43,91,220 shares (25.57% of equity) from public shareholders via reverse book building. The floor price is set at ₹252 per share, while the promoter's indicative price is ₹353 per share, which is near the current trading price of ₹345.2. IDC noted the indicative price is higher than the all-time high price on exchanges and represents a 2.11x multiple over the pre-announcement trading price.
உச்சம் நம்பிக்கை
என்ன மாறியதுIndependent Directors issued a formal, reasoned recommendation confirming the delisting offer terms are fair and reasonable for public shareholders.
ஏன் இது முக்கியம்A successful delisting will take the company private, taking 25.57% of shares out of public hands at or above the discovered reverse book building price.
Offer shares: 43,91,220Public stake to acquire: 25.57%Floor price: ₹ 252 per Equity ShareIndicative price: ₹ 353 per Equity ShareIndicative offer value vs MCap: ~26.1%
📅 குறுகிய காலம்Share price is likely to track near the indicative price of ₹353 during the bidding process as market participants evaluate participation in the reverse book building.
📈 நீண்ட காலம்If delisting succeeds, the stock will cease trading on NSE and BSE; if it fails, the company remains listed with 74.4% promoter holding.
⚠ அபாய எச்சரிக்கைகள்
Delisting may fail if discovered price exceeds the price acceptable to acquirers
Low liquidity post-delisting if shares are not tendered and delisting completes
👀 கவனிக்க வேண்டியவை
Track the upcoming reverse book building bidding window and final discovered price to see if the promoter accepts the discovered price or provides a counter-offer.
📊 கடந்த 7 நாட்கள் — உணர்வு அடிப்படையில் பகுப்பாய்வு செய்யப்பட்ட அறிவிப்புகள்
Hitech Corp Delisting Moves Forward: Detailed Public Announcement Issued by Promoter Group
Hitech Corporation Limited has received and disclosed the Detailed Public Announcement (DPA) dated September 25, 2026, for a voluntary delisting offer. The offer is being made by promoter group entity Geetanjali Trading and Investments Private Limited via manager Kreo Capital. With promoters currently holding 74.44% of equity, this marks the formal initiation of the delisting process under SEBI Delisting Regulations. The DPA was published in newspapers on September 28, 2026, setting the stage for the bidding process.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe proposed delisting by the promoter group progressed to the formal Detailed Public Announcement stage published across national and regional dailies.
ஏன் இது முக்கியம்A successful delisting would take Hitech Corp private, requiring public shareholders (25.56% stake) to tender their shares through the reverse book-building mechanism.
Announcement date: செப்டம்பர் 28, 2026DPA execution date: செப்டம்பர் 25, 2026Current Promoter Holding: 74.44%Public Shareholding: 25.56%
📅 குறுகிய காலம்Stock price is likely to track the delisting offer price and counter-offer dynamics during the reverse book-building process.
📈 நீண்ட காலம்If delisting succeeds, the company will be taken private and cease trading on BSE and NSE; if unsuccessful, it will remain listed.
⚠ அபாய எச்சரிக்கைகள்
Failure of delisting if the discovered price is rejected by the promoter or if the 90% threshold is not reached
Price volatility around the reverse book building process
👀 கவனிக்க வேண்டியவை
Track the upcoming bidding window dates, floor price, and reverse book building (RBB) discovery price in the full DPA letter.
Hitech Corp Receives In-Principle Delisting Approval from BSE and NSE
Hitech Corporation Limited has received in-principle approval from both BSE and NSE on September 25, 2026, for the proposed voluntary delisting of its equity shares under SEBI Delisting Regulations. The promoter group currently holds a 74.44% stake in the packaging company, which has a market cap of approximately Rs 567 Cr. The final delisting application must be submitted within one year of passing the special resolution, subject to satisfying exchange conditions and delisting regulations. This moves the delisting process to the reverse book-building stage, where public shareholders will tender their shares.
உச்சம் நம்பிக்கை
என்ன மாறியதுBoth BSE and NSE have granted in-principle approvals for voluntary delisting under SEBI regulations.
ஏன் இது முக்கியம்Delisting directly impacts stock liquidity and ownership structure; if successful, public trading on exchanges will cease at the discovered exit price.
Approval Date: செப்டம்பர் 25, 2026Final application timeline: within one year of passing special resolutionPromoter Holding: 74.44%Market Capitalization: Rs 567 கோடி
📅 குறுகிய காலம்Trading may be influenced by speculation surrounding the delisting floor price and expected tender premium during the reverse book building process.
📈 நீண்ட காலம்If the delisting succeeds, the company will transition into a privately held entity, resulting in equity shares being delisted from stock exchanges.
⚠ அபாய எச்சரிக்கைகள்
Delisting risk: offer may fail if the final discovered price is rejected by promoters or if the 90% post-offer threshold is not met
👀 கவனிக்க வேண்டியவை
Investors should watch for the announcement of the floor price, detailed public announcement (DPA), and the reverse book building bidding dates to determine the discovered exit price.
Hitech Corp Sets Sept 4, 2026 Record Date for ₹1.00/Share Final Dividend
Hitech Corporation Limited has scheduled its 35th Annual General Meeting (AGM) for September 24, 2026. The company has fixed Friday, September 04, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹1.00 per share (10% of face value ₹10) for FY26. If approved at the AGM, the dividend will be disbursed on or after September 24, 2026. Remote e-voting for shareholders will be open from September 21 to September 23, 2026.
உச்சம் நம்பிக்கை
என்ன மாறியதுFormal fixation of the record date (September 04, 2026) and AGM date (September 24, 2026) for the FY26 final dividend of ₹1.00 per share.
ஏன் இது முக்கியம்Confirms the timeline for cash distribution to shareholders following FY26 net profit of ₹15.19 Cr.
Dividend per share: ₹1.00Dividend percentage: 10%ரெக்கார்ட் தேதி: செப்டம்பர் 04, 2026AGM date: செப்டம்பர் 24, 2026
📅 குறுகிய காலம்Stock may trade ex-dividend around September 03-04, 2026, with dividend yield around 0.3% based on the current share price of ₹335.9.
📈 நீண்ட காலம்Limited; routine annual dividend payout consistent with earnings recovery.
👀 கவனிக்க வேண்டியவை
Investors seeking dividend entitlement must hold shares before the ex-dividend/record date of September 04, 2026. Track AGM voting outcomes on September 24, 2026.
Hitech Corp Q1 Standalone PAT Surges 81.7% YoY to ₹6.18 Cr; VP-Technology to Retire
Hitech Corporation reported a strong Q1 (ended June 30, 2026) standalone revenue of ₹210.84 Cr, up 37.9% YoY from ₹152.82 Cr. Standalone net profit rose 81.7% YoY to ₹6.18 Cr compared to ₹3.40 Cr in the corresponding quarter of the previous year. Alongside results, the company announced the retirement of Mr. V.S.R. Anjaneyulu, Vice President - Technology Center (Senior Managerial Personnel), effective September 5, 2026. Additionally, the company reiterated that shareholders approved a voluntary delisting proposal on July 10, 2026, which is pending further regulatory clearances.
உச்சம் நம்பிக்கை
என்ன மாறியதுHitech Corp reported Q1 FY27 audited earnings showing sharp YoY revenue and profit growth, and notified the scheduled retirement of its VP of Technology.
ஏன் இது முக்கியம்Strong quarterly growth reflects momentum in operating segments, though the ongoing voluntary delisting process remains the primary structural corporate development for shareholders.
Q1 Revenue from operations: ₹21,083.64 லட்சம்Q1 Net Profit: ₹618.13 லட்சம்Q1 Basic EPS: ₹3.60Effective date of VP retirement: செப்டம்பர் 05, 2026
📅 குறுகிய காலம்Earnings performance demonstrates robust operational growth, though trading and sentiment will likely stay anchored to delisting updates.
📈 நீண்ட காலம்Contingent on the voluntary delisting timeline; if delisted, the company will cease trading on public bourses.
⚠ அபாய எச்சரிக்கைகள்
Uncertainty around the reverse book building and final pricing in the ongoing voluntary delisting process
Customer concentration risk in the packaging division (paints and chemicals)
👀 கவனிக்க வேண்டியவை
Track progress and regulatory approvals regarding the company's proposed voluntary delisting process, alongside monitoring whether margin expansion is maintained in subsequent quarters.
99.67% Approval for Voluntary Delisting of Hitech Corporation Limited
Shareholders of Hitech Corporation have approved the voluntary delisting of the company from BSE and NSE through a special resolution. The proposal received overwhelming support with 99.67% of total votes in favor, and public shareholder support was approximately 19.4 times the votes against, comfortably exceeding the SEBI-mandated 2:1 ratio. Additionally, the re-appointment of Mr. Malav Dani as Managing Director and the appointment of Mr. Mehli Golvala as an Independent Director were approved with over 99.9% majorities. This marks a critical step toward the company transitioning into a private entity.
உச்சம் நம்பிக்கை
என்ன மாறியதுShareholders have formally authorized the promoters to proceed with the voluntary delisting of the company's equity shares from the stock exchanges.
ஏன் இது முக்கியம்This is a major corporate event that will lead to the company becoming private; if successful, minority shareholders will be offered an exit, after which the stock will no longer be tradeable on public exchanges.
Total Shareholders: 8,477Delisting Approval (Total): 99.67%Public Votes (In Favor): 866,690Public Votes (Against): 44,505Promoter Holding: 74.44%
📅 குறுகிய காலம்The stock price is likely to be driven by speculation regarding the potential exit price in the reverse book-building process over the coming weeks.
📈 நீண்ட காலம்If the delisting is successful, the company will cease to be a public entity; if it fails due to price disagreement, the company will remain listed with its current operational focus on packaging for FMCG and paints.
⚠ அபாய எச்சரிக்கைகள்
Exit price discovery risk
Liquidity risk for shareholders who do not tender if delisting is successful
Potential failure of delisting if promoters reject the discovered price
👀 கவனிக்க வேண்டியவை
Investors should monitor the upcoming reverse book-building process which will determine the final exit price. Compare the discovered price against the company's book value and TTM EPS of Rs 8.84 to assess the fairness of the offer.
Hitech Corp Proposes Voluntary Delisting and Re-appointment of MD Malav Dani
Hitech Corporation Limited has issued a postal ballot notice seeking shareholder approval for voluntary delisting from BSE and NSE, initiated by the promoter group entity Geetanjali Trading And Investments. The company also proposes the re-appointment of Mr. Malav Dani as Managing Director for a five-year term starting August 5, 2026, with an annual gross salary of INR 63 lakhs. Additionally, the appointment of Mr. Mehli Golvala as an Independent Director is on the agenda. Shareholders can cast their votes electronically between June 11 and July 10, 2026.
முக்கிய அம்சங்கள்
Proposal for voluntary delisting from BSE and NSE following an Initial Public Announcement on May 25, 2026.Re-appointment of Mr. Malav Dani as Managing Director for a 5-year tenure (2026-2031) at INR 63 lakhs per annum.Appointment of Mr. Mehli Golvala as an Independent Non-Executive Director for shareholder approval.Remote e-voting period scheduled from June 11, 2026, to July 10, 2026, with results by July 14.Delisting offer is being made by Geetanjali Trading And Investments Private Limited, a member of the promoter group.
👀 கவனிக்க வேண்டியவை
Investors should closely monitor the delisting process, specifically the floor price and reverse book-building results, to determine whether to tender their shares. Shareholders should also evaluate the MD's remuneration and the new director's profile before casting their votes by July 10.
Hitech Corp Board Approves Voluntary Delisting; Indicative Offer Price Set at ₹353 Per Share
The Board of Hitech Corporation has approved a voluntary delisting proposal from its promoter group entity, Geetanjali Trading and Investments Private Limited. The acquirer intends to purchase the 25.57% public shareholding (43,91,220 shares) to take the company private. While the floor price is set at ₹252 per share, the acquirer has announced a significantly higher indicative offer price of ₹353 per share. The proposal now awaits shareholder approval through a postal ballot and the reverse book-building process.
முக்கிய அம்சங்கள்
Indicative offer price of ₹353 per share represents a 40% premium over the floor price of ₹252.The delisting targets 43,91,220 equity shares held by public shareholders, representing 25.57% of the company.Promoter group currently holds 1,27,84,480 shares, equivalent to 74.43% of the paid-up capital.The Board has reviewed the due diligence and audit reports, certifying compliance with SEBI Delisting Regulations.Final delisting is subject to shareholder approval via postal ballot and successful reverse book-building.
👀 கவனிக்க வேண்டியவை
Investors should watch for the postal ballot notice and consider the indicative price of ₹353 as a benchmark for the upcoming reverse book-building process. Existing shareholders may see the stock price align closer to the indicative offer price in the short term.
Hitech Corp Board to Meet June 9 for Delisting; Indicative Offer Price Set at ₹353/Share
Hitech Corporation Limited has scheduled a Board meeting on June 9, 2026, to consider a voluntary delisting proposal from its promoter group, Geetanjali Trading and Investments Private Limited. The acquirer has proposed an indicative offer price of ₹353 per share, which represents a significant 40.08% premium over the floor price of ₹252. The Board will review due diligence reports and valuation certificates to decide on the proposal, which aims to acquire all public equity shares and delist from BSE and NSE.
முக்கிய அம்சங்கள்
Board meeting on June 9, 2026, to evaluate the voluntary delisting proposal from the promoter group.Indicative offer price of ₹353 per share is a 40.08% premium over the floor price of ₹252.The proposal involves the acquisition of all fully paid-up equity shares from public shareholders.Trading window is closed for insiders until 48 hours after the announcement of the Board meeting outcome.
👀 கவனிக்க வேண்டியவை
Investors should monitor the outcome of the June 9 Board meeting as the proposed premium is substantial; however, the final delisting is subject to Board approval, shareholder voting, and regulatory clearances.
Hitech Corp Appoints New Peer Review CS for Voluntary Delisting Due Diligence
Hitech Corporation Limited has announced a change in the Peer Review Company Secretary appointed for its voluntary delisting process. Mrs. Prerana Jadhav has been appointed to replace M/s. Robert Pavrey & Associates LLP, who expressed unavailability due to exigencies. This appointment, made via circular resolution on June 4, 2026, is essential for conducting due diligence under SEBI Delisting Regulations. The move ensures that the delisting process remains compliant with statutory timelines and proceeds without interruption.
முக்கிய அம்சங்கள்
Appointment of Mrs. Prerana Jadhav (Peer Review No. 2751/2022) as the new Peer Review Company Secretary.Replacement of M/s. Robert Pavrey & Associates LLP following their communication of unavailability on June 4, 2026.Due diligence to be conducted in accordance with Regulation 10(2) and 10(3) of SEBI Delisting Regulations.The appointee will also carry out audits as per Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018.
👀 கவனிக்க வேண்டியவை
Investors should continue to monitor the progress of the voluntary delisting proposal as the due diligence phase is a critical step toward determining the final offer. No immediate action is required until further details on the delisting price and timelines are released.
Hitech Corporation Sets Delisting Floor Price at ₹252 and Indicative Price at ₹353
Hitech Corporation's promoter, Geetanjali Trading and Investments, is proceeding with a voluntary delisting of the company's equity shares. An independent valuer has determined the regulatory floor price to be ₹252 per share based on SEBI guidelines. Notably, the acquirer has proposed an indicative offer price of ₹353 per share, representing a significant premium over the floor price. The company has appointed a peer-review firm to conduct the mandatory due diligence required for the delisting process.
முக்கிய அம்சங்கள்
Floor price determined at ₹252 per equity share based on Adjusted Book Value and 60-day VWAP.Acquirer has offered an Indicative Price of ₹353 per share, which is ~40% higher than the floor price.Promoter and promoter group currently hold 74.43% of the company's total paid-up equity capital.M/s. Robert Pavrey & Associates LLP appointed to carry out mandatory due diligence and audit.The reference date for the floor price determination was set as May 26, 2026.
👀 கவனிக்க வேண்டியவை
Investors should note the indicative price of ₹353 as a potential exit point, but the final exit price will be determined through the reverse book-building process. Monitor upcoming board approvals and the letter of offer for specific timelines.
Hitech Corp Promoter Proposes Voluntary Delisting at Indicative Price of ₹353 Per Share
Geetanjali Trading and Investments, a promoter group member of Hitech Corporation, has issued an Initial Public Announcement for the voluntary delisting of the company's equity shares. The promoter group currently holds a 74.43% stake and aims to acquire the remaining public shareholding to reach the 90% delisting threshold. An indicative offer price of ₹353 per share has been proposed, which is higher than the stock's lifetime high of ₹351.35. The final exit price will be determined through the Reverse Book Building process, subject to shareholder and regulatory approvals.
முக்கிய அம்சங்கள்
Promoter group proposes voluntary delisting from BSE and NSE to provide exit liquidity to public shareholders.Indicative offer price set at ₹353 per share, surpassing the previous lifetime high of ₹351.35.Promoters currently hold 1,27,84,480 shares (74.43%), requiring a 90% total stake for successful delisting.Average free float over the last 6 months was only ₹64.46 Crores, contributing to the rationale for delisting.The final exit price will be discovered via the Reverse Book Building process as per SEBI Delisting Regulations.
👀 கவனிக்க வேண்டியவை
Investors should watch for the upcoming postal ballot for shareholder approval and the subsequent Reverse Book Building window to tender their shares. The indicative price of ₹353 serves as a benchmark, but the final discovered price may vary based on market participation.
Hitech Corporation Receives Voluntary Delisting Proposal from Promoter Group
Hitech Corporation Limited has received an Initial Public Announcement from its promoter group member, Geetanjali Trading and Investments Private Limited, expressing an intent to voluntarily delist the company. The acquirer proposes to purchase all fully paid-up equity shares of face value INR 10 held by public shareholders. Following the acquisition, the company intends to delist its equity shares from both the BSE and NSE. Kreo Capital Private Limited has been appointed as the manager to the offer to oversee the regulatory process.
முக்கிய அம்சங்கள்
Promoter group member Geetanjali Trading and Investments Private Limited initiates voluntary delisting process.Proposal involves acquiring all outstanding equity shares from public shareholders.Equity shares have a face value of INR 10 each and are currently listed on BSE and NSE.Kreo Capital Private Limited is the designated manager to the delisting offer.The announcement follows Regulation 8 of the SEBI (Delisting of Equity Shares) Regulations, 2021.
👀 கவனிக்க வேண்டியவை
Investors should hold their positions and wait for the announcement of the floor price and the board of directors' recommendation. The final exit price will be determined through the reverse book building process, which typically offers a premium to the current market price.
Hitech Corporation Limited reported a steady growth in its annual revenue for FY26, reaching ₹58,425.16 lakhs compared to ₹54,942.94 lakhs in FY25. The Board has recommended a dividend of ₹1 per equity share (10% of face value) for the financial year. Leadership stability is reinforced with the re-appointment of Mr. Malav Dani as Managing Director for a five-year term, while Mr. Jayendra Shah is set to retire by rotation at the upcoming AGM.
முக்கிய அம்சங்கள்
Annual Revenue from Operations grew 6.3% YoY to ₹58,425.16 lakhs in FY26.Recommended a dividend of ₹1 per equity share (10% of face value Rs. 10) for FY26.Re-appointed Mr. Malav Dani as Managing Director for a five-year term starting August 5, 2026.Q4 FY26 Revenue stood at ₹15,161.20 lakhs, showing growth over ₹13,729.55 lakhs in Q4 FY25.Mr. Jayendra Shah, Non-Executive Non-Independent Director, to retire at the 35th AGM.
👀 கவனிக்க வேண்டியவை
Investors should note the consistent revenue growth and dividend payout as signs of operational stability; the re-appointment of the MD ensures management continuity.
Hitech Corp Q4 Revenue Up 10.4% YoY to ₹151.6 Cr; Recommends ₹1 Dividend
Hitech Corporation reported a 10.4% year-on-year increase in Q4 revenue, reaching ₹151.61 crore. For the full financial year 2026, revenue grew by 6.3% to ₹584.25 crore compared to ₹549.43 crore in the previous year. The board has recommended a dividend of ₹1 per share (10% of face value) for FY26. Additionally, the company secured leadership continuity by re-appointing Malav Dani as Managing Director for a five-year term.
முக்கிய அம்சங்கள்
Q4 FY26 Revenue from operations grew 10.4% YoY to ₹15,161.20 lakhsFull-year FY26 Revenue increased to ₹58,425.16 lakhs from ₹54,942.94 lakhs in FY25Board recommended a dividend of ₹1.00 per equity share (10% of face value)Managing Director Malav Dani re-appointed for a 5-year term starting August 2026Finance costs for the full year rose to ₹1,837.39 lakhs from ₹1,606.54 lakhs
👀 கவனிக்க வேண்டியவை
Investors should take note of the steady revenue growth and the board's commitment to dividends. However, monitor the rising finance costs which may impact bottom-line growth in future periods.
Hitech Corp Appoints Mugdha Khare as CFO; Announces Major Management Reshuffle
Hitech Corporation has restructured its top leadership, appointing Mrs. Mugdha Khare as the new CFO, who brings 16 years of experience including managing a ₹5,000 million treasury at NOCIL. The company also promoted Ravi G. Balasubramanian to President and hired Girish Haganoor to lead its subsidiary, Thriarr Polymers. While COO Jasraj Singh resigned for health reasons, the board added tax expert Mehli Golvala as an Independent Director for a 5-year term. These changes aim to strengthen the company's operational and financial oversight.
முக்கிய அம்சங்கள்
Mrs. Mugdha Khare appointed as CFO; previously handled ₹7,500 million forex exposure at NOCIL.Mr. Ravi G. Balasubramanian elevated to President after 40 years in the plastics sector.Mr. Mehli Golvala, with 40 years of tax law experience, joins as Independent Director for a 5-year term.COO Mr. Jasraj Singh to step down on May 15, 2026, due to health concerns.Mr. Girish Haganoor appointed as President of subsidiary Thriarr Polymers effective May 07, 2026.
👀 கவனிக்க வேண்டியவை
Investors should monitor the transition of the new CFO and the impact of the new leadership team on operational efficiency. The strong professional backgrounds of the new appointees suggest a focus on strengthening corporate governance.
⚠️இந்தத் தளம் எவ்வாறு உருவாக்கப்படுகிறது: சந்தைத் தரவுப் பக்கங்கள் NSE/BSE வெளியீடுகள் மற்றும் நிறுவனங்களின் தாக்கல்களிலிருந்து தானாகக் கணக்கிடப்படுகின்றன; செய்திக் கட்டுரைகளும் அறிவிப்புப் பகுப்பாய்வுகளும் AI உதவியுடன் எழுதப்படுகின்றன, மனித மேற்பார்வையுடன்: AI உருவாக்குவதை எங்கள் ஆசிரியர்கள் மதிப்பாய்வு செய்கின்றனர். இரண்டிலும் பிழைகள் இருக்கலாம். எந்தவொரு முதலீட்டு முடிவுக்கு முன்பும் அசல் மூலங்களில் சரிபார்க்கவும். முதலீட்டு ஆலோசனை அல்ல; Flash Finance SEBI-பதிவு பெற்றது அல்ல. நாங்கள் AI-ஐ எவ்வாறு பயன்படுத்துகிறோம்
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எங்கள் AI பங்குச் சந்தை பகுப்பாய்வு: டெலிகிராம், வாட்ஸ்அப்பில் இலவசம்
⚡ 3500+ நிறுவனங்களை நாங்கள் உடனுக்குடன் கண்காணிக்கிறோம். NSE-யில் ஒரு நிறுவன அறிவிப்பு வெளியானதுமே, எங்கள் AI அதைப் படித்து, சுருக்கி, அதன் தாக்கத்தைச் சில நொடிகளில் உங்களுக்குச் சொல்கிறது.
இதுபோன்ற AI பகுப்பாய்வுக்குக் கட்டணத் தளங்கள் ஆண்டுக்கு ₹1,00,000-க்கும் மேல் வசூலிக்கின்றன. எங்கள் சேனல்களில் இது இலவசம்.
