Nitin Castings Limited has scheduled a crucial board meeting for February 20, 2026, to deliberate on the voluntary delisting offer under the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. The announcement comes in continuation of the Initial Public Announcement dated January 30, 2026, issued by the company's promoters.

Delisting Offer Background

The delisting initiative is being spearheaded by the company's promoters and promoter group members, including Mr. Nirmal Kedia, Mr. Nitin Kedia, and M/s. Citrus Castings Private Limited. M/s. Navigant Corporate Advisors Limited serves as the Manager to the Offer for this voluntary delisting process.

The promoters have expressed their intention to acquire all equity shares held by public shareholders and subsequently delist the company's equity shares from BSE Limited, where they are currently listed. Each equity share carries a face value of ₹5.

Board Meeting Agenda

The February 20, 2026 board meeting will address several critical aspects of the delisting process:

Due Diligence Process

M/s. Kala Agarwal, Company Secretaries, Mumbai, has been appointed as the Peer Review Company Secretary in accordance with Regulation 10 of the SEBI Delisting Regulations. The firm will conduct due diligence and submit a comprehensive report as per Regulation 10(3) and other applicable provisions. This appointment was previously disclosed to the stock exchange on February 04, 2026.

Trading Window Restrictions

In compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct for prohibition of insider trading, Nitin Castings Limited has implemented trading window restrictions. The trading window for designated persons and insiders will remain closed from February 17, 2026, and continue until 48 hours after the board meeting outcome is declared to BSE.

Company Information

The board meeting represents a significant milestone in the voluntary delisting process, with the board's decision determining the future course of action for the delisting offer and the company's continued listing status on BSE Limited.

Nitin Castings Limited has scheduled a board meeting for February 04, 2026, to consider matters related to the voluntary delisting proposal announced by its promoters. The company informed BSE Limited about the upcoming board meeting through a regulatory filing dated January 31, 2026.

Board Meeting Agenda and Key Matters

The board meeting will address several critical aspects of the delisting process initiated by the promoter group. The primary focus will be on the Initial Public Announcement issued by the appointed manager and related compliance requirements.

Delisting Proposal Background

The promoters have initiated a voluntary delisting proposal to acquire all publicly held equity shares and remove the company's listing from BSE Limited. The announcement follows the issuance of an Initial Public Announcement by Navigant Corporate Advisors Limited on January 30, 2026.

Professional Appointment and Compliance

The board will consider appointing a Peer-Reviewed Practicing Company Secretary to assist the company in the proposed delisting process and related compliances. This appointment reflects the company's commitment to ensuring proper regulatory adherence throughout the delisting procedure.

Regulatory Framework and Process

The delisting proposal operates under the SEBI (Delisting of Equity Shares) Regulations, 2021. The consideration will be determined through a reverse book building process, with the discovered price established at the level where eligible bids result in the acquirers' shareholding reaching 90% of the total issued equity shares.

The delisting proposal requires multiple approvals including board approval, special resolution by shareholders through postal ballot, and stock exchange approval from BSE Limited. The acquirers retain discretion to accept or reject the discovered price or make a counter-offer within two working days from the closure of the bidding period.