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Nitin Castings Limited conducts a delisting offer through a reverse book building process. The process occurs from August 5, 2026, to August 11, 2026. The acquirers seek to purchase 1,470,894 equity shares from public shareholders. The floor price for the offer is Rs 273.36 per share. The total value of the offer is Rs 40.20 crore. The manager and the registrar to the delisting offer analyze the bid data. They announce the outcome of the process in accordance with Regulation 17(3) of the SEBI Delisting Regulations. The company provides the final outcome in the attached document.
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| Notice No. | 20260811-32 |
| Notice Date | 11 Aug 2026 |
| Category | Trading |
| Segment | Equity |
| Department | Listing Business Relationship |
| Subject | Outcome of Reverse Book Building Process under regulation 17(3) of the Delisting Regulations of NITIN CASTINGS LIMITED |
| Attachments | Outcome_RBB_NITINCASTINGS |
This is in continuation with Exchange notice no 20260731-23 dated July 31, 2026 for the Delisting Offer of NITIN CASTINGS LIMITED (“Target Company”) made by Mr. Nirmal B Kedia (Acquirer -1), Mr. Nitin S Kedia (Acquirer -2), and M/s. Citrus Castings Private Limited (Acquirer -3) (Acquirer-1, Acquirer-2 and Acquirer-3 are hereinafter collectively referred to as the “Acquirers”to acquire 14,70,894 Equity Shares of face value of Rs.5.00/- each (‘Equity Shares’) held by the Public Shareholders at the floor price of Rs. 273.36/- per equity share aggregating up to Rs. 40,20 Crs through the reverse book-building process (“RBBP”) in respect of Delisting of Equity Shares of the Company, in accordance with the SEBI Delisting Regulations from Wednesday, August 05, 2026, to Tuesday, August 11, 2026.
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.
The outcome dated 11th August 2026 is attached herewith for your reference.
Mangesh Tayde
Vice President
Listing Business Relationship
August 11, 2026
