Enclosed herewith intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) 2015
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Kabra Commercial Ltd, the promoter and acquirer of Kabra Steel Products Ltd, has informed BSE and CSE about appointing Intelligent Money Managers Private Limited as the Manager to the Offer for the proposed voluntary delisting of Kabra Steel Products Ltd from Calcutta Stock Exchange. This appointment is pursuant to Regulation 9 of SEBI (Delisting of Equity Shares) Regulations, 2021. The board resolution for this appointment was passed on April 6, 2026. Kabra Commercial has confirmed that no equity shares of the company were sold in the last 6 months and has provided undertakings that no fraudulent practices will be engaged in during the delisting process. Directors Chandra Prakassh Kabra and Ramawtar Kabra have been authorised to complete the necessary formalities for the delisting.
For shareholders of Kabra Steel Products Ltd, this signals the formal start of the delisting process, which may offer an exit opportunity at a price determined through the reverse book building process. For Kabra Commercial Ltd investors, this reflects a structural change as the promoter consolidates control by removing the subsidiary from public listing.