Hitech Corp submits updated due diligence reports for delisting

ScanX News Hitech Corp submits updated due diligence reports for delisting 2 min read | Published on 08 Sept 2026, 09:49 PM | Updated on 08 Sept 2026, 09:49 PM Reviewed by Add as a preferred source on Google *this image is generated using AI for illustrative purposes only. Hitech Corporation submitted updated due diligence and share capital audit reports to the BSE and NSE on September 8, 2026. The filings address specific queries raised by the NSE regarding the periods covered in earlier documents related to the company's voluntary delisting proposal. The Board of Directors approved the revised reports via Circular Resolution No. 3/2026-27. These submissions follow the initial board approval for delisting on June 9, 2026, and subsequent shareholder approval received on July 10, 2026. The company had previously filed for in-principle approval with both exchanges on July 10, 2026. Updated Reporting Periods Peer Review Practicing Company Secretary Prerana Jadhav issued the revised documents to clarify the coverage timelines. The updated Due Diligence Report covers the period from June 9, 2024, to June 8, 2026. This date range extends up to one day prior to the June 9, 2026, board meeting that considered the delisting proposal. Two separate Regulation 76 Share Capital Audit Reports were also submitted: A report dated September 7, 2026, covering six months from December 9, 2025, to June 8, 2026. A report dated September 2, 2026, covering six months from January 10, 2026, to July 9, 2026. Shareholding Structure The due diligence review examined trading activities by the acquirer and top public shareholders over the two-year review period ending June 8, 2026. The report confirms no change in the shareholding of the acquirer or related entities during this timeframe. Promoters and promoter group members currently hold 1,27,84,480 equity shares, representing 74.43% of the paid-up equity capital. The acquirer has confirmed no direct or indirect connection with the top twenty-five public shareholders listed in the filing. Top Public Shareholders The filing details the positions of the largest public shareholders as of June 8, 2026. Rajen Anil Shah leads the list with 1,65,000 shares (0.96% stake), followed by Sunil Kumar Daga holding 1,06,000 shares (0.62% stake). Shareholder Name Shares Held Stake % Rajen Anil Shah 1,65,000 0.96% Sunil Kumar Daga 1,06,000 0.62% Jatin Ramesh Shah 84,840 0.49% Nehal Trading And Investments Pvt Ltd 55,000 0.32% Leposhe Trading Enterprises LLP 53,545 0.31% Capital Reconciliation The share capital audit reports reconcile the issued capital against exchange records. The total issued capital stands at 1,71,75,700 equity shares of face value ₹10 each. This figure matches the listed capital on both BSE and NSE records. Dematerialization data indicates that 89.91% of shares are held in NSDL, while 9.89% are held in CDSL. Physical holdings account for a minimal 1.20% of the total capital. No discrepancies were reported between company records and exchange listings for either reporting period. Historical Stock Returns for Hitech Corporation 1 Day 5 Days 1 Month 6 Months 1 Year 5 Years + 1. 18 % + 1. 11 % + 4. 96 % + 168. 39 % + 66. 53 % + 64. 74 % What is the expected timeline for the BSE and NSE to grant final approval for Hitech Corporation's delisting following these updated submissions? fuzz it How might the high promoter holding of 74.43% influence the final offer price per share in the open offer process? fuzz it Are there any potential regulatory hurdles remaining given the specific queries raised by the NSE regarding the earlier document timelines? fuzz it ScanX News Hitech Corp submits updated due diligence reports for delisting 1 min read | Published on 31 Aug 2026, 06:58 PM | Updated on 02 Sept 2026, 06:18 PM Reviewed by Add as a preferred source on Google *this image is generated using AI for illustrative purposes only. Hitech Corporation has scheduled its 35th Annual General Meeting for September 24, 2026. The meeting will be conducted through video conferencing or other audio-visual means as per regulatory guidelines. The Board of Directors recommended a final dividend of Re 1.00 per equity share of face value ₹10 each for the financial year ended March 31, 2026. This recommendation was approved during the board meeting held on May 20, 2026. Key Dates and Voting Details The company has fixed specific dates for dividend entitlement and voting eligibility: Record Date: September 4, 2026, for determining dividend entitlement. September 4, 2026, for determining dividend entitlement. Cut-off Date: September 17, 2026, for determining voting eligibility. September 17, 2026, for determining voting eligibility. E-voting Period: Commences on September 21, 2026, at 9:00 am and ends on September 23, 2026, at 5:00 pm. The final dividend will be paid on or after September 24, 2026, if declared by shareholders at the AGM. The intimation was issued on August 31, 2026, by Hetali Harish Mehta, Company Secretary and Compliance Officer. Annual Report Access and KYC Updates In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Hitech Corporation has issued letters to members who have not registered their email addresses. These communications provide a web-link to access the Annual Report for FY25-26. The complete details of the Annual Report are available on the company's website under the path: Investors > Financial Results > 2025-26 > 2025-26 Annual Report. The company also reminded shareholders holding physical securities to update their KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. This includes recording PAN, address, mobile number, bank account details, specimen signature, and nomination choice. Security holders with physical folios missing these details will only be eligible for payments via electronic mode from April 1, 2024. Historical Stock Returns for Hitech Corporation 1 Day 5 Days 1 Month 6 Months 1 Year 5 Years + 1. 18 % + 1. 11 % + 4. 96 % + 168. 39 % + 66. 53 % + 64. 74 % How might the modest dividend payout of Re 1.00 per share signal Hitech Corporation's capital allocation strategy for upcoming infrastructure projects? fuzz it What impact could the mandatory KYC updates for physical shareholders have on trading volumes and liquidity in the near term? fuzz it Are there any specific resolutions beyond dividend approval that shareholders should scrutinize during the e-voting period on September 21-23? fuzz it view all Hitech Corp Q1 Results: Net Profit Up 51% YoY to ₹7.1 crore Aug 14, 2026 Hitech Corporation seeks delisting approval via postal ballot Jun 12, 2026 Hitech FY26 Net Profit Rises, Declares Re 1 Dividend May 21, 2026