BSECompany Update13 Aug 2026 · 13 Aug 2026, 12:37 pm
As per attachment.
Nitin Castings Ltd · 508875
✦ AI SummaryRegulatory
Nitin Castings Ltd has announced a Post Offer Public Announcement for the failure of its delisting offer from the BSE. The delisting offer was opened on August 5, 2026, and closed on August 11, 2026. The outcome of the reverse book building process was announced on August 11, 2026. The Acquirers, through the Manager to the Delisting Offer, have issued a Post Offer PA dated August 12, 2026, which is published today in the Financial Express, Jansatta, and Pratahkal newspapers. The Post Offer PA will also be made available on the Company's website.
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Full Announcement
Nitin Castings Ltd - 508875 - Announcement under Regulation 30 (LODR)-Post Offer Public Announcement
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Date: August 13, 2026
BSE Limited,
P.J. Towers, Dalal Street, Mumbai – 400 001,
Maharashtra, India
Scrip Code: 508875
ISIN: INE861H01020
Sub: Submission of Post Offer Public Announcement for Failure of Delisting Offer in relation to Voluntary
Delisting of Equity Shares of Nitin Castings Limited ("Company") from BSE Limited ("Delisting Offer").
Dear Sir / Madam,
This is with reference to the captioned Delisting Offer and Outcome of Reverse Book Building Process announced
by Navigant Corporate Advisors Limited (“Manager to the Delisting Offer”), in terms of Regulation 17(3) of
SEBI (Delisting of Equity Shares) Regulations, 2021, as amended (“SEBI Delisting Regulations”) on August
11, 2026.
The Company is in receipt of Post Offer Public Announcement for Failure of Delisting Offer (“Post Offer PA”),
issued by the Manager to the Delisting Offer, for and on behalf of Mr. Nirmal B. Kedia (Acquirer -1), Mr. Nitin
S. Kedia (Acquirer -2) and M/s. Citrus Castings Private Limited (Acquirer -3) all forming part of the
Promoters/Promoter Group (hereinafter referred to as the (“Acquirers” ), which was published today in the
following newspapers i.e. on August 13, 2026 in accordance with Regulation 17(4) of the SEBI Delisting
Regulations.
Newspaper Language Edition
Financial Express English All
Jansatta Hindi All
Pratahkal Marathi Mumbai
Accordingly, in terms of Regulation 30 read with Schedule Ill of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we are enclosing herewith e-copies of the Post Offer PA published in
aforementioned newspapers. The PA 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
Ishan Kumar Verma
Company Secretary & Compliance Officer
M. No. F8320
Encl: As above
Navigant
NAVIGANT CORPORATE ADVISORS LIMITED
Regd. Office: 804, Meadows, Sahar Plaza Complex, JB Nagar, Andheri- Kurla Road,
Andheri (East) Mumbai-400 059; Tel: +91-22- 4120 4837 / +91 22 4973 5078
Email: navigant@navig antcorp.com; Website:www.navigantcorp.com
(CIN: L67190MH2012PLC23 1304)
Date: August 13, 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
Sub: Submission of Post Offer Public Announcement (‘Post Offer PA’) of Nitin Castings Limited
(‘Company’) in accordance with the provisions of the Securities and Exchange Board of India (Delisting of
Equity Shares) Regulations, 2021 (‘SEBI Delisting Regulations’).
Dear Sir / Madam,
With reference to the Delisting Offer of the Company which opened on Wednesday, August 05, 2026 and closed
on Tuesday, August 11, 2026 and the outcome ofthe reverse book building process which was announced in terms
of Regulation 17(3) of the SEBI Delisting Regulations on August 11, 2026, the Acquirers through Manager to
Delisting Offer has issued a Post Offer PA dated August 12, 2026 for the failure of the Delisting Offer, which is
published today i.e. August 13, 2026,in accordance with Regulation 17(o4f )th e SEBI Delisting Regulations, in
the following newspapers:
| Newspaper Language Edition
| Financial Express Engli sh All
Jansatta Hindi All
Pratahkal Marathi Mumbai
Please find enclosed a copy of the Post Offer PA for your reference and records. Request you to disseminate the
said information on your website.
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.
This is for yourinformation and records.
Thanking You,
For Navigant Corporate Advisors Limited
Sarthak Vijlani
Managing Director
DIN: 05174824
Encl: As above
POST OFFER PUBLIC ANNOUNCEMENT TO THE PUBLIC SHAREHOLDERS OF
NITIN CASTINGS LIMITED
CIN: L65990MH1982PLC028822
REGISTERED OFFICE: 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, Maharashtra – 400054, India
CORPORATE OFFICE: Prestige Precinct, 3rd Floor, Almieda Road, Panchpakhadi, Thane (West), Thane, Maharashtra, 400601- India
Tel. No.: 022-45791276; Email Id: finance@nitincastings.com; Website: www.nitincastings.com
This Post Offer Public Announcement for failure of Delisting (“Post Offer PA”) is being issued by Navigant
Corporate Advisors Limited (“Manager to the Delisting Offer”) for and on behalf of Mr. Nirmal B. Kedia
(Acquirer -1), Mr. Nitin S. Kedia (Acquirer -2) and M/s. Citrus Castings Private Limited (Acquirer -3), all forming
part of the Promoters / Promoter Group (hereinafter collectively referred to as the “Acquirers”), to the Public
Shareholders of Nitin Castings Limited (“NCL” / “Target Company” or the “Company”) in respect of the
voluntary delisting of the equity shares of the Company from the BSE Limited (“BSE” / the “Stock Exchange”),
i.e., the only Stock Exchange where the equity shares of the Company are presently listed, pursuant to
Regulation 17(4) and other applicable provisions of the Securities and Exchange Board of India (Delisting of
Equity Shares) Regulations, 2021 as amended (“Delisting Regulations”).
This Post Offer PA should be read in conjunction with the Initial Public Announcement (“IPA”) dated January
30, 2026, Detailed Public Announcement (“DPA”) dated July 24, 2026, published on July 27, 2026 in the
Financial Express (English Daily) all editions, Jansatta (Hindi Daily) all editions and Prathakal (Marathi Daily)
Mumbai edition (“Newspapers”), Letter of Offer (“LOF”) dated July 24, 2026 including Bid Form, Bid Revision
Form and SH 4 Form, dispatched to the Public Shareholders was completed on Wednesday, July 29, 2026 and
Recommendation of Committee of Independent Directors dated August 01, 2026, published on Monday,
August 03, 2026 in the aforementioned Newspapers. The capitalized terms used but not defined in this Post
Offer PA shall have the same meaning assigned to them in the IPA, DPA and LOF.
The Acquirers have issued the IPA, DPA and LOF seeking to acquire, in accordance with the Delisting
Regulations and the terms and conditions set out therein in the DPA and LOF upto 14,70,894 issued,
subscribed and paid-up equity shares of face value of Rs. 5/- each representing 28.61% of the issued,
subscribed and paid-up equity share capital of the Company that are presently held by Public Shareholders
(“Offer Shares”). The Public Shareholders holding equity shares were invited to submit bids pursuant to the
Reverse Book Building Process conducted through the Stock Exchange Mechanism made available by BSE
Limited during the bid period from Wednesday, August 05, 2026 to Tuesday, August 11, 2026 (“Reverse Book
Building Process” / “RBB”), in accordance with the Delisting Regulations.
1. FAILURE OF THE DELISTING OFFER
1.1 The total number of Offer Shares validly tendered by the Public Shareholders in the Delisting Offer is
9,08,978 (Nine Lakh Eight Thousand Nine Hundred and Seventy-Eight) Equity Shares with 181 (One
Hundred and Eighty-One) bids received between the price range of Rs. 273.36 (Rupees Two Hundred
Seventy-Three and Thirty-Six Paise only) per Equity Share to Rs.1,299.00 (One Thousand Two Hundred
and Ninety Nine Only), consisting of 9,08,978 (Nine Lakh Eight Thousand Nine Hundred and Seventy-
Eight) Equity Shares with 181 (One Hundred and Eighty-One) bids in demat form and nil Equity Shares
with nil bids in physical form.
1.2 The Discovered Price of Rs. 300/- (Rupees Three Hundred only) per Equity Share, determined in terms
of Regulation 20(1) read with Schedule II of the SEBI Delisting Regulations, is based on 7,53,984 (Seven
Lakh Fifty-Three Thousand Nine Hundred and Eighty-Four) Equity Shares with 9 (Nine) successful bids
received between the price range of Rs. 273.36 (Rupees Two Hundred Seventy-Three and Thirty-Six
Paise only) per Equity Share to Rs. 300/- (Rupees Thre
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