Board gives consent for voluntary delisting; indicative price Rs 353

Voluntary Delisting ProposedCapital Market Events View source PDF Explain this filing

HITECHCORP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹314.50

prior close

₹319.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%+1.6% vs market

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.2

10m

-2.5

15m

-2.5

30m

-2.2

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+0.1-1.4+1.6

Next day

-1.1-2.5+1.4

-1.4+0.4-1.8

-1.7+2.2-3.9

-3.0+2.7-5.7

+1.4+3.9-2.4

-1.5+5.2-6.7

15d

+0.5+6.5-6.0

+3.0+6.9-3.9

+2.7+9.1-6.4

+5.7+11.6-5.9

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Hitech Corporation's board on June 9, 2026 approved the voluntary delisting proposal from BSE and NSE. Promoter group entity Geetanjali Trading and Investments will buy out the 25.57 percent public stake (43.91 lakh shares). The SEBI-determined floor price is Rs 252 per share, while the indicative offer price is Rs 353 per share. Board has taken on record the due diligence and share capital audit reports. Final approval now requires shareholder consent through a postal ballot.

Likely market impact

Public shareholders get an exit opportunity at Rs 353 per share, a 40 percent premium over the floor price. Shares may trade closer to the indicative price.