Disclosure under Regulation 30 of SEBI (LODR)Regulations, 2015.
HITECHCORP · price
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Hitech Corporation Limited has received the floor price of Rs. 252 per equity share for its proposed voluntary delisting, as certified by registered valuer Gaurang Rajesh Shah. The floor price was determined using the higher of two parameters: Adjusted Book Value (ABV) of Rs. 252 per share based on consolidated financials as of March 31, 2026, and 60-day VWAP of Rs. 148.82 on NSE. The promoter acquirer, Geetanjali Trading and Investments Private Limited, has announced an Indicative Price of Rs. 353 per share, which is 40% above the floor price. The company has appointed Robert Pavrey & Associates LLP as the peer review company secretary for due diligence under SEBI Delisting Regulations. Promoter group holds 74.43% stake while public shareholders hold 25.57% of the 1.72 crore shares.
Public shareholders are being offered Rs. 353 per share, representing a 40% premium over the regulatory floor price of Rs. 252. This indicates a fair exit opportunity for minority shareholders, though the delisting is still subject to shareholder approval and regulatory compliance.