Outcome of Board Meeting held on 20th February, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nitin Castings Limited's Board, at its meeting on February 20, 2026, approved the voluntary delisting of the company's equity shares from BSE, subject to shareholder approval via postal ballot. The delisting is being pursued by the promoters — Mr. Nirmal Kedia, Mr. Nitin Kedia, and Citrus Castings Private Limited — who already hold 71.39% (36,70,436 shares) and intend to acquire the remaining 28.61% (14,70,894 shares) from public shareholders. The indicative floor price has been set at ₹273.36 per share, though the final price will be determined through the reverse book-building process. The Board took on record the due diligence report and share capital audit report, both confirming compliance with securities laws, and appointed a scrutinizer for the postal ballot process.
Public shareholders will get an exit opportunity through the reverse book-building mechanism at a floor price of ₹273.36 per share, with the final offer price potentially higher. If the delisting succeeds, the stock will no longer trade on BSE, removing liquidity for minority shareholders who choose not to tender.