Hitech Corporation Promoter Group Reaches 91.96% Stake

Promoter group acquires 30,09,593 shares; stake increases to 91.96% total.

Reader Takeaway: Promoter group nears full control via delisting; monitor exchange filings for final delisting completion steps.

What just happened

Geetanjali Trading & Investments Private Limited, a member of the Hitech Corporation promoter group, has successfully acquired 30,09,593 equity shares of the company. This transaction occurred on October 23, 2026, under the voluntary delisting offer framework governed by SEBI regulations. The acquisition involves a 17.52% stake, pushing the promoter group's total holding to 91.96% of the company's total equity share capital.

Why this matters

The increase in shareholding to 91.96% marks a significant milestone in Hitech Corporation’s voluntary delisting process. With the promoters now holding over 90% of the total equity, the company has cleared a critical threshold required for the delisting transition. For remaining public shareholders, this shift signifies the progression of the delisting offer terms as the company moves toward the final stages of exiting the stock exchange platform.

What to track next

Investors should closely monitor future BSE and NSE filings for announcements regarding the final delisting date and any remaining formalities for public shareholders. As the promoter group consolidates its position, the window for participating in the delisting process or adjusting investment strategies is narrowing.