BSECompany Update11 Aug 2026 · 11 Aug 2026, 05:59 pm
As per attachment.
Nitin Castings Ltd · 508875
✦ AI Summary▲ PositiveResults
Nitin Castings Ltd has successfully completed its voluntary delisting process from the BSE, with the promoter and members of the promoter group acquiring 90.73% of the total issued equity shares at a discovered price of Rs. 300.00 per equity share.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Nitin Castings Ltd - 508875 - Outcome Of Reverse Book Building Process Pursuant To Regulation 17(3) Of The SEBI (Delisting Of Equity Shares) Regulations, 2021.
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Date: August 11, 2026
BSE Limited,
P.J. Towers, Dalal Street, Mumbai – 400 001,
Maharashtra, India
Scrip Code: 508875
ISIN: INE861H01020
Sub: Outcome of Reverse Book Building Process pursuant to Regulation 17(3) of the SEBI
(Delisting of Equity Shares) Regulations, 2021.
Ref: Voluntary Delisting of equity shares of Nitin Castings Limited (“Company”) from BSE
Limited (“Delisting Offer”).
Dear Sir / Madam,
This is to inform you that the Company is in receipt of communication dated August 11, 2026, from
M/s. Navigant Corporate Advisors Limited, manager to the Delisting Offer, on the outcome of the
reverse book building process in relation to the Delisting Offer.
In terms of Regulation 30 read with Schedule III 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.nitincastings.com.
This is for your information and records.
Thanking You,
For Nitin Castings Limited
Nitin Kedia
Director
DIN: 00050749
Encl: As above
A A 4
Navigant
NAVIGANT CORPORATE ADVISORS LIMITED
Regd. Office: 804, Meadows, Sahar Plaza Complex, J B Nagar, Andheri- Kurla Road,
Andheri (East) Mumbai-400 059; Tel: +91-22- 4120 4837 / +91 22 4973 5078
Email: navigant@navigantcorp.com; Website:www.navigantcorp.com
(CIN: L67190MH2012PLC231304)
Date: 11.08.2026
Board of Directors,
Nitin Castings Limited
B-901, 81 Crest FB Nos. 81B and 81C, Linking Road, Santacruz (West),
CST Nos. G-318 B and G- 317 near HDFC Bank,
Santacruz (West), Mumbai, Maharashta-400054, India
Scrip Code: 508875
ISIN: INE861H01020
Sub: Outcome of Reverse Book Building Process under Regulation 17(3) of the SEBI (Delisting of Equity
Shares) Regulations, 2021.
Ref: Voluntary Delisting of Equity Shares of face value of Rs. 5/- each (“Equity Shares”) of Nitin Castings
Limited (“NCL” or “Target Company” or the “Company”) from BSE Limited in accordance with the
provisions of the Securities and Exchange Board ofI ndia (Delisting of Equity Shares) Regulation, 2021, as
amended from time to time (“SEBI Delisting Regulation™) (“Delisting Offer”).
The Delisting Offer opened on Wednesday, August 05, 2026, and closed today i.e., Tuesday, August 11, 2026,
at the end of market hours on BSE Limited (“BSE”). MUFG Intime India Private Limited (Formerly known as
Link Intime India Private Limited) (“Registrar to the Delisting Offer”) and Navigant Corporate Advisors
Limited (“Manager to the Delisting Offer”) have analysed the bids data received from BSE and in consultation
with the Acquirers and Registrar to the Delisting Offer, the outcome of the Reverse Book Building Process
(“RBBP”) is hereby disclosed and announced in terms of Regulation 17 (3) of the SEBI Delisting Regulations.
Scrip Name Nitin Castings Limited
Symbol Scrip Code: 508875 / NITINCAST
Issue Period ‘Wednesday, August 05, 2026 to Tuesday, August 11, 2026
Floor Price (Rs.) Rs. 273.36/- Per Equity Share
Indicative Price (Rs.) -
Delisting Offer size 14,70,894 Equity Shares
Discovered Price (Rs.) Rs. 300.00/- Per Equity Share
Number of equity shares and | Total 7,53,984 Equity Shares with 9 successful bids received between
bids price range from Rs. 273.36/- Per Equity Share to Rs. 300.00/- Per Equity
Share.
Number of equity shares and | No. of Equity Shares: 1,54,994
bids above the discovered price | No. of Bids:172
‘Whether delisting offer is | Total issued equity shares 51,41,330 shares
succesisn fteurmls of Regulation | Shares held by custodian(s) against | Nil
21 of SEBI (Delisting of equity | which depository receipts have been
shares) Regulations 2021 issued overseas
Shares transferred to the Investor | 76,150 shares
Education and Protection Fund’s
account in terms of Regulation 21(a) of
SEBI Delisting Regulations
Shares held by trust set up for | Nil
implementing an Employee Benefit
scheme under the Securities and
Exchange Board of India (Share Based
Employee Benefits) Regulations, 2014
or Securities and Exchange Board of
India (Share Based Employee Benefits
and Sweat Equity) Regulations, 2021
Shares held by inactive shareholders | 1,88,584 shares
such as vanishing companies and
struck off companies in terms of
Regulation 21(a) of SEBI Delisting
Regulations
Shares held in terms of sub-regulation | Nil
(4) of regulation 39 read with Schedule
VI of the Securities and Exchange
Board of India (Listing Obligations
and Disclosure Requirements)
Regulations 2015.
Remaining shares 48,76,596 shares
Minimum number of shareholding to | 43,88,937 shares
be achieved i.e., 90% of the Remaining
shares as per Regulation 21 of SEBI
Delisting Regulations.
Particulars No. of Equity | % of total issued | % of
Shares equity shares remaining
shares
Pre- Delisting | 36,70,436 71.39% 75.27%
Offer ~ Promoter
and Members of
Promoter Group
Shareholding
No. of Equity | 7,53,984 14.67% 15.46%
Shares
successfully Bid at
or below
Discovered Price
Post Delisting | 44,24,420 86.06% 90.73%
Offer ~ Promoter
and Members of
Promoter Group
Shareholding
(Also refer to the
outcome below)
No equity shares held in physical form have been tendered in the delisting
offer.
As the post Delisting Offer shareholding of the Acquirers, along with the
other promoter and promoter group, has exceeded 90% (90.73%) of total
number of issued Equity Shares (excluding Shares as provided under
Regulation 21(a) SEBI Delisting Regulations), the Delisting Offer is
successful in terms of Regulation 21 of the SEBI Delisting Regulations,
if Discovered Price/Exit Price of Rs. 300.00/- per Equity Share is accepted
by the Acquirers.
Discovered Price/Exit Price if accepted by the Acquirers, the payment will be made to all the successful bidders
in accordance with Regulation 24 and other provisions of the SEBI Delisting Regulations, SEBI Circulars and the
settlement calendar of Indian Clearing Corporation Limited. Lien on unaccepted / rejected shares will be released
on the Equity Shares in their respective Demat accounts of the Public Shareholders in accordance with Regulation
23 of the SEBI Delisting Regulations.
In terms of Regulation 17(4) and Regulation 22(4A) of the SEBI Delisting Regulations, a post offer public
announcement disclosing the success or failure of the reverse book building process and / or counter offer and
acceptance or rejection oft he Discovered Price will be made in the same newspapers in which the Detailed Public
Announcement was made.
Capitalised terms used in this letter shall have the meaning provided in the Detailed Public Announcement dated
July 24, 2026 published on July 27, 2026 and Letter of Offer dated July 24, 2026.
For Navigant Corporate Advisors Limited
Sarthak Vijlani
Managing Director