Hitech Corporation is in receipt of the Letter of Offer ("LOF") in relation to the proposal for Voluntary Delisting of Equity…
Hitech Corporation (HITECHCORP) said it is in receipt of the Letter of Offer ("LOF") in relation to the proposal for Voluntary Delisting of Equity Shares having face value of Rs. 10/- each of Hitech Corporation Limited. The company is valued at about ₹581…
What happened
In a filing with the BSE on 29 September 2026 at 08:44 PM, Hitech Corporation (HITECHCORP) said that it is in receipt of the Letter of Offer ("LOF") in relation to the proposal for Voluntary Delisting of Equity Shares having face value of Rs. 10/- each of Hitech Corporation Limited.
Company snapshot
Hitech Corporation is a micro-cap company, with a market value of about ₹581 crore.
The stock last traded at ₹338.1, against a 52-week range of ₹112–₹345 (2.0% below the high).
Before this filing the shares had moved +1.5% over the month and +8.1% over three months. Average daily turnover over the last 20 sessions was about ₹0.28 crore.
Promoters held 74.43% at the end of Q1 FY27. Foreign institutions owned 0.00% and domestic institutions 0.13%.
What history shows
This is not the company's first open offer disclosure: BCEIE has 7 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 12.0% on average the next trading day and was up 26.2% on average after five days (7 filings with price data).
Market-wide, 283 open offer filings with an impact score of 50 or more saw an average next-day move of +2.2%, with 55% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 8 Sept 2026 | Update on Delisting | −1.1% | −1.2% |
| 9 Jun 2026 | Voluntary Delisting | +0.5% | +3.1% |
| 9 Jun 2026 | Voluntary Delisting | +0.5% | +3.1% |
| 4 Jun 2026 | Open offer | −0.8% | +0.5% |
| 28 May 2026 | Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And… | +21.0% | +42.8% |
In the news
Recent coverage elsewhere (links open the original publisher):
- Hitech Corporation vs Nifty 50: Share Price Performance Compared
- Integrated Hitech Ltd Share Price
- Hitech Corporation Trading Window Closure Q2 FY27
- HiTech Group Appoints Nicole Walker as Group CFO and COO Effective October 2026
- HiTech Group Limited Announces Appointment of Nicole Walker as Group Chief Operating Officer, Effective October 5, 2026
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.