NSEGeneral Updates22 Oct 2026 · 22 Oct 2026, 06:15 pm
General Updates
Hitech Corporation Limited · HITECHCORP
✦ AI SummaryDebt Restruc.
Hitech Corporation Limited has received a corrigendum to the outcome of the reverse book building process and post offer public announcement for the delisting of its equity shares.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
Hitech Corporation Limited has informed the Exchange about Receipt of Corrigendum to Outcome of Reverse Book Building Process ("RBBP") issued in accordance Regulation 17(3) and other applicable provisions with Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, as amended ( SEBI Delisting Regulations ) and to post offer public announcement ( Post Offer PA ) issued in accordance Regulation 17(4) and other applicable provisions of SEBI Delisting Regulations for the delisting of the equity shares of Hitech Corporation Limited ("the Company )
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HITECHCORP_22102026181456_SEIntimation22102026.pdf
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Hitech Corporation Limited
Regd. Office & HO:
201, Welspun House 2nd Floor,
Kamala City, Lower Parel - west
Mumbai - 400 013
Dated: 22nd October, 2026
To, National Stock Exchange of India Limited
BSE Limited Exchange Plaza, Bandra-Kurla Complex
Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai - 400 051
Dalal Street, Mumbai – 400 023 Scrip Symbol: HITECHCORP
Scrip Code: 526217
Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended
Re.: Receipt of Corrigendum to Outcome of Reverse Book Building Process ("RBBP") issued
in accordance Regulation 17(3) and other applicable provisions with Securities and
Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, as amended (“SEBI
Delisting Regulations”) and to post offer public announcement (“Post Offer PA”) issued in
accordance Regulation 17(4) and other applicable provisions of SEBI Delisting Regulations
for the delisting of the equity shares of Hitech Corporation Limited ("the Company”)
Dear Sir/ Madam,
This is to inform you that the Company is in receipt of communication dated 22nd October, 2026
from Kreo Capital Private Limited, the Manager to the Delisting Offer, as a Corrigendum to
Outcome of RBBP dated 13th October, 2026 in accordance with Regulation 17(3) and other
applicable provisions of SEBI Delisting Regulations and to the Post Offer PA dated 15th October,
2026 issued in accordance Regulation 17(4) and other applicable provisions of the SEBI Delisting
Regulations.
In terms of Regulation 30 read with Schedule Ill of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we are enclosing herewith a copy of the communication
received.
The same will also be made available on the website of the Company at
www.hitechcorporation.co.
This is for your information and records.
Thanking You.
Kindly take the above on record.
For Hitech Corporation Limited
Hetali Mehta
Company Secretary and Compliance Officer
Mumbai
Integrity + Commitment + Innovation = Excellence
CIN: L28992MH1991PLC168235 l An ISO 9001:2008 Certified Company l Tel: 91-22-40016500/24816500 l Email: corp@hitechgroup.com l Website: www.hitechcorporation.co
Kreo Capital Private Limited
CIN: U65999MH2018PTC307425
Date: 22 October, 2026
Board of Directors
Hitech Corporation Limited
Unit No. 201, 2nd Floor, Welspun House,
Kamala City, Senapati Bapat Marg,
Lower, Pare!, Mumbai City, Mumbai,
Maharashtra, India, 400013.
Dear Sir/Madam,
Sub: Corrigendum to Outcome of Reverse Book Building Process ("RBBP") under Regulation
17(3) and other applicable provisions of the Securities and Exchange Board of India (Delisting of
Equity Shares) Regulations, 2021, as amended ("SEBI Delisting Regulations") and to post offer
public announcement ("Post Offer PA") issued in accordance Regulation 17(4 ) and other
applicable provisions of SEBI Delisting Regulations for the delis ting of the equity shares of Hitech
Corporation Limited ("the Company")
This refers to the letter dated 13th October, 2026 announcing the outcome of RBBP and to the letter
dated l 5th0ctober, 2026 informing about the Post Offer PA made by us, Kreo Capital Private Limited,
Manager to the Offer, for and on behalf of Geetanjali Trading and Investment Private Limited
("Acquirer") with a copy of the Post Offer PA published in the following newspapers on 15 October,
2026.
Newspaper Language Edition
Business Standard English All
Navbharat Times Hindi All
Mumbai Lakshadeep Marathi All
We, on the basis of information received from MUFG lntirne India Private Limited (formerly known as
Link lntime India Private Limited) ("Registrar to the Delisting Offer"), had in our letter of 13th October,
2026, announcing the Outcome of RBBP, disclosed that no equity shares held in physical form have
been tendered in the Delisting Offer. We however, now, vide email dated 22nd October, 2026 are
informed by the Registrar to the Delisting Offer that out of total 34, 16,208 Equity Shares with 778 bids
received between price range from Rs. 252/- Per Equity Share to Rs. 2000/- Per Equity Share (as
disclosed in the Outcome of RBBP), l 00 Equity Shares held in physical form have been tendered.
Further, the Registrar to the Del isting Offer vide email dated 22nd October, 2026, informs that the Equity
Shares tendered physically are rejected due to documents not being in order. Thus, as per the updated
file, 30,09,593 Equity shares (compared to 30,09,693 Equity Shares as disclosed in the Post Offer PA)
have been validly tendered at or below the Exit Price in the RBBP.
CAPl'TAl
All Abovt trv,t
CIN: U65999MH20l8PTC307425
The Acquirer shall acquire all Equity Shares tendered through valid Bids at or below the Exit Price.
Thus, post completion of the acquisition, the shareholding of the Aequircr together with Promoters and
other members of the Promoter Group of the Company shall be 1,57,94,073 Equity Shares (compared
to 1,57,94, 173 as disclosed in the Post Offer PA) representing 91.96 % of the fully paid up Equity Shares
of the Company and 92.82% of the fully paid Equity Shares of the Company excluding shares as
specified in Regulation 21(a) ofSEBI Delisfing Regulation, which would exceed the minimum number
of Equity Shares required for the Delisti~g Offer to be successful in terms of Regulation 2 I (a) of the
SEBI Delisting Regulations. Thus, the Dclisting Offer continues to be successful.
We request you to kindly disseminate the above Corrigendum on your website forthwith.
Capitalised terms used in this letter shall have the meaning provided in the Detailed Public
Announcement dated 25th September, 2026 published on 28th September, 2026 and Letter of Offer dated
25th September, 2026 issued on 29th September, 2026 and 30th September, 2026.
Thanking you,
For Kreo Capital Private Limited
Name: Mr. Ayush Parakh
Designation: Director
Place: Nagpur