Corrigendum to Detailed public announcement
Awaiting price reaction for this filing.
CES Limited has issued a corrigendum to the Detailed Public Announcement (originally dated July 16, 2025) for the voluntary delisting of its equity shares from BSE. The corrigendum, published in Financial Express, Jansatta, and Pratahkal on July 19, 2025, makes two minor corrections: the Registrar's contact person is now Mr. Jagan Mohan Gobburi (replacing Mr. Bhaskar Murthy), and the company's year of listing is corrected to 1986 (not 1956). The delisting offer covers 91,57,988 equity shares (25.16% of paid-up capital) from public shareholders at a floor price of Rs. 92.36 per share, through a reverse book-building process, by promoters Venkateswara Rao Davarapalli and Sreevani Kancharla. The Independent Directors Committee has deemed the offer fair and reasonable.
The corrigendum itself is a minor administrative correction and does not change the offer terms. Shareholders should note the floor price of Rs. 92.36 and the ongoing reverse book-building delisting process, which may eventually lead to the stock being delisted from BSE if the offer succeeds.