Detailed public announcement newspaper advertisement attached
Awaiting price reaction for this filing.
CES Limited has issued a Detailed Public Announcement on July 16, 2025, for the voluntary delisting of its equity shares from BSE Limited, following BSE's in-principle approval dated July 15, 2025. Promoters Mr. Venkateswara Rao Davarapalli and Mrs. Sreevani Kancharla, together holding 74.84% of the company, plan to acquire the remaining 91,57,988 equity shares (25.16%) from public shareholders at a floor price of Rs. 92.36 per share (face value Rs. 10). The delisting offer was already approved by 100% of voting public shareholders via postal ballot on February 12, 2025. The announcement was published in Financial Express (English), Jansatta (Hindi), and Pratahakal (Marathi/Mumbai) editions on July 16, 2025, as required under SEBI Delisting Regulations, 2021.
Public shareholders now have a window to exit at a minimum of Rs. 92.36 per share, with the final exit price to be determined through a reverse book-building process. If successful, the stock will be delisted from BSE, ending public trading and providing immediate liquidity at a potentially premium price.