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.

Nitin Castings Limited , a manufacturer of alloy steel castings, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company experienced a decline in both revenue and profitability compared to the same period last year.

Financial Performance

The company reported the following key financial metrics for Q2 FY2026:

The total income for the quarter stood at Rs. 3,688.35 lakhs, representing a decrease of 3.88% from Rs. 3,837.06 lakhs in the corresponding quarter of the previous year.

Profitability

Nitin Castings experienced a significant drop in profitability during the quarter. The profit after tax (PAT) decreased by 74.01% to Rs. 148.32 lakhs, compared to Rs. 570.59 lakhs in Q2 FY2025.

The company's earnings per share (EPS) also reflected this downturn, decreasing from Rs. 11.10 in Q2 FY2025 to Rs. 2.88 in Q2 FY2026, a decline of 74.05%.

Half-Year Performance

For the half-year ended September 30, 2025, Nitin Castings reported:

The half-yearly results also show a decline across all major financial parameters.

Balance Sheet Highlights

As of September 30, 2025, Nitin Castings reported:

• Total Assets: Rs. 14,693.54 lakhs
• Total Equity: Rs. 8,822.49 lakhs
• Current Assets: Rs. 11,222.14 lakhs
• Current Liabilities: Rs. 5,382.62 lakhs

Cash Flow

For the half-year ended September 30, 2025, the company reported:

• Net Cash flow from Operating Activities: Rs. 442.81 lakhs
• Net Cash flow from Investing Activities: Rs. (546.50) lakhs
• Net Cash flow from Financing Activities: Rs. 106.78 lakhs

The positive operating cash flow, despite the decline in profits, suggests that the company is managing its working capital effectively.

Conclusion

Nitin Castings Limited faces challenges as evidenced by the decline in revenue and profitability in Q2 FY2026. The financial results indicate a downturn in the company's performance compared to the previous year.