Corrigendum to the Outcome of the Board Meeting held on 20.02.2026
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Awaiting price reaction for this filing.
Nitin Castings Limited has filed a corrigendum to its February 20, 2026 board meeting outcome, attaching the Due Diligence Report (DDR) required under SEBI's Delisting Regulations, 2021. The promoters — Mr. Nirmal Kedia, Mr. Nitin Kedia, and Citrus Castings Private Limited — intend to voluntarily delist the company's equity shares from BSE. To do so, they need to buy out 14,70,894 shares (28.61% of paid-up capital) held by public shareholders. Promoters currently hold 71.39% (36,70,436 shares) of the company's 51,41,330 total shares. The DDR, prepared by Practicing Company Secretary Kala Agarwal, confirms that share transactions over the review period comply with securities laws and that no fraudulent, deceptive, or manipulative practices were detected among the promoters or top 25 public shareholders. The Initial Public Announcement for the delisting was made on January 30, 2026.
This filing advances the voluntary delisting process. Public shareholders holding the 28.61% free float will eventually be offered an exit price (floor price yet to be determined) and will need to decide whether to tender their shares. The stock may see reduced liquidity and price volatility leading up to the delisting offer.