Scrutinizers Report- Passing of Resolution though Postal Ballot by Remote E-voting
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Nitin Castings Limited conducted a postal ballot through remote e-voting (via NSDL) from February 28 to March 29, 2026, to seek shareholder approval for voluntary delisting of its equity shares (face value Rs 5) under SEBI Delisting Regulations, 2021. Of the members who voted, 52 voted in favor holding 45,59,910 shares (100%), while 9 voted against with just 1,720 shares (0.00%). Public shareholders also approved the resolution with 8,89,474 votes in favor — more than twice the 1,720 votes against. The Special Resolution has been passed with the requisite majority under both the Companies Act and SEBI Delisting Regulations. The scrutinizer was Kala Agarwal, Practicing Company Secretary, and the report was submitted on March 30, 2026.
Shareholders have approved the voluntary delisting of Nitin Castings from the stock exchanges. This does not mean immediate removal — the company must now follow the SEBI delisting process, which includes a reverse book-building offer to determine the exit price. Retail shareholders who wish to sell will get an opportunity to tender shares at the discovered price; those who do not tender may end up holding illiquid shares in an unlisted company.