Nilachal Refractories Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/03/2026 ,inter alia, to consider and approve proposal of voluntary ....
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Nilachal Refractories Ltd has informed BSE that its Board of Directors is scheduled to meet on 31/03/2026. The meeting will consider and approve a proposal of voluntary delisting of the company's equity shares from the stock exchange. The full text of the announcement was not accessible (BSE page returned an error), but the headline clearly indicates the delisting intent. Shareholders will need to await further details on the floor price, promoter shareholding, and reverse book-building process.
If approved, this could lead to the company exiting the exchanges, meaning shareholders may be required to tender shares at a determined exit price. This is a material event that could significantly affect liquidity and trading in the stock.