Nitin Castings Ltd — Important, 01-01-1970: Company Update

Nitin Castings is undertaking a voluntary delisting from the BSE. Promoters aim to acquire the remaining 28.61% public shareholding to gain full ownership, enhancing operational flexibility and strategic decision-making. The delisting offer will use a reverse book-building process, with a floor price of Rs. 273.36 per share. This also provides an exit opportunity with liquidity for public shareholders. Bidding will open on August 5 and close on August 11. For the last fiscal year, the company reported revenue of 147.09 Cr, a net profit of 10.63 Cr, and a net worth of 91.73 Cr. An independent directors committee will share its reasoned view on the offer.