Hitech Corporation Ltd

🔍 Hitech Corporation Ltd's Delisting Proposal - Key Insights

- Initial Public Announcement from Geetanjali Trading expresses intent to acquire 25.57% (43,91,220 shares) of public shareholding at ₹353 per share.

- Floor price for delisting set at ₹252 per share as per SEBI regulations.

- Due diligence report scrutinized share transactions of top 25 public shareholders (June 4, 2024 to June 3, 2026).

- Key shareholders include Sunil Kumar Daga (1,02,000 shares), Rajen Anil Shah (85,000 shares), Jatin Ramesh Shah (84,840 shares).

- Board approved delisting proposal, subject to shareholder postal ballot.