Announced Fri, 10 Jul · 20:22 IST
Postal ballot approves voluntary delisting, MD re-appointment and new director
Board & Shareholder Meetings View source PDF
HITECHCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹323.95
prior close
₹313.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+2.5——-1.7-1.5-0.3-0.6-0.6+0.0————
Up moveDown movePending
AI summary
Hitech Corporation shareholders approved three resolutions via postal ballot on July 10, 2026. The key result: voluntary delisting from BSE and NSE passed with 99.67% in favor, with public support at 95.12% (meeting the two-times requirement). Re-appointment of Malav Dani as Managing Director passed with 99.95%, and appointment of Mehli Golvala as Independent Director passed with 99.99%. Of 8,477 eligible shareholders, 213 voted. The company will now proceed with the delisting process.
Likely market impact
Delisting approval clears the way for an exit offer to public shareholders; MD re-appointed; floor price discovery to follow next.