Disclosure of post offer advertisement
Awaiting price reaction for this filing.
CES Limited's voluntary delisting from BSE has been successfully completed. The reverse book building process, which ran from July 24 to July 30, 2025, concluded with an exit price of Rs. 92.36 per share, equal to the floor price. Public shareholders tendered 59,19,788 shares, which is above the minimum threshold of 55,17,988 shares needed for the offer to succeed. After the acquisition, the promoters Venkateswara Rao Davarapalli and Sreevani Kancharla will hold 91.10% of the company's paid-up equity capital, exceeding the 90% threshold required for delisting. Payment to shareholders who tendered their shares will be made on August 1, 2025.
Public shareholders who did not participate in the delisting offer can still sell their shares to the promoters at Rs. 92.36 per share during a one-year exit window after delisting. The stock will be delisted from BSE, and the company will operate as a privately held entity.