Detailed Public Announcement received for promoter group's delisting offer
The company received the Detailed Public Announcement dated September 25, 2026 for the delisting offer by promoter group entity Geetanjali Trading and Investments Pvt Ltd, via manager Kreo Capital.
- Floor Price
- Rs. 353.00 per share
- Promoter Shareholding
- 1,27,84,480 shares (74.43%)
- Public Shareholding
- 43,91,220 shares (25.57%)
- Total Equity Shares
- 1,71,75,700
- DPA Publication Date
- September 28, 2026
What was shared
The company informed the exchanges that it received the Detailed Public Announcement (DPA) dated September 25, 2026 on September 28, 2026. The DPA was issued by Kreo Capital Private Limited, Manager to the Delisting Offer, for and on behalf of Geetanjali Trading and Investments Private Limited (the Acquirer), a member of the promoter group, under Regulation 15 of the SEBI Delisting Regulations, 2021.
It was published on September 28, 2026 in Business Standard (English, all editions), Navbharat Times (Hindi, all editions) and Mumbai Lakshadeep (Marathi, Mumbai).
Key numbers in the DPA
- Total equity shares: 1,71,75,700
- Promoter and promoter group holding: 1,27,84,480 shares, i.e. 74.43%
- Public shareholding: 43,91,220 shares, i.e. 25.57%
- Floor price determined under Regulation 19A: Rs. 353.00 per Equity Share
- Volume weighted average price reference: Rs. 252.00
- Volume weighted average market price for 60 trading days: Rs. 148.82
- Escrow amount noted: 6,05,00,000 Equity Shares of Rs. 10/- each
Reported financials (audited)
- Revenue from Operations FY2026: 64,040.21 ; FY2025: 56,142.61 ; FY2024: 56,179.47 (Rs. in lakhs)
- Profit/(Loss) after tax FY2026: 1,518.86 ; FY2025: 893.67 ; FY2024: 2,200.29
- Earnings per Equity Share (basic) FY2026: 8.84 ; FY2025: 5.20 ; FY2024: 12.81
- Total Liabilities FY2026: 20,420.13 ; FY2025: 17,958.86 ; FY2024: 12,577.51
- Total Assets FY2026: 48,884.48 ; FY2025: 45,628.39 ; FY2024: 38,919.41
How a delisting offer works
In a delisting offer, the acquirer invites public shareholders to tender their shares through a reverse book building process. Shareholders bid at or above the floor price, and a discovered price emerges. The acquirer may accept or reject the discovered price. If the offer succeeds and conditions are met, the shares stop being traded on the stock exchanges; shareholders who do not tender may later use the exit window described in the DPA.
Other details
The DPA sets out the indicative timetable of activities, the tendering procedure through the shareholder's stock broker, settlement mechanism, statutory approvals required, and the conditions for the offer to be considered successful. MUFG Intime India Private Limited is the Registrar to the Offer and Nirmal Bang Securities Private Limited is the Buying Broker.
The DPA is also being made available on the company's website. Investors intending to participate should read the Letter of Offer and the DPA in full before deciding.
Also from Hitech Corporation
Independent Directors' Committee calls voluntary delisting offer fair and reasonable
30 Sep 2026
Committee of Independent Directors Constituted for Delisting Offer
29 Sep 2026
BSE and NSE grant in-principle approval for voluntary delisting of equity shares
25 Sep 2026
More numbers
- Total equity shares1,71,75,700
- Promoter group shares held1,27,84,480
- Promoter group holding percentage74.43
- Public shareholding shares43,91,220
- Public shareholding percentage25.57
- Floor price per equity shareRs. 353.00
- Volume weighted average price referenceRs. 252.00
- Volume weighted average market price, 60 trading daysRs. 148.82
- Revenue from Operations FY2026 (Rs. in lakhs)64,040.21
- Profit after tax FY2026 (Rs. in lakhs)1,518.86
- Basic earnings per equity share FY20268.84
- Escrow related equity shares of Rs. 10 each6,05,00,000
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