Hitech Corporation: Outcome of the Reverse Book building process under Reg 17(3) and other applicable provisions of SEBI…
Hitech Corporation (HITECHCORP) filed a disclosure titled "Outcome of the Reverse Book building process under Reg 17(3) and other applicable provisions of SEBI (Delisting of Equity Shares) Regulations, 2021". The company is valued at about ₹641 crore.
What happened
Hitech Corporation (HITECHCORP) filed a disclosure with the exchanges on 13 October 2026 at 06:21 PM titled "Outcome of the Reverse Book building process under Reg 17(3) and other applicable provisions of SEBI (Delisting of Equity Shares) Regulations, 2021".
Company snapshot
Hitech Corporation is a micro-cap company, with a market value of about ₹641 crore.
The stock last traded at ₹373.3, against a 52-week range of ₹112–₹373.3 (0.0% above the high).
Before this filing the shares had moved +6.0% over the month and +9.0% over three months. Average daily turnover over the last 20 sessions was about ₹0.93 crore.
Promoters held 74.43% at the end of Q1 FY27. Foreign institutions owned 0.00% and domestic institutions 0.13%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 165 | 4.7 | 2.76 |
| Q2 FY26 | 164 | 4.2 | 2.43 |
| Q3 FY26 | 145 | -2.6 | -1.52 |
| Q4 FY26 | 166 | 8.9 | 5.17 |
| Q1 FY27 | 226 | 7.1 | 4.14 |
What history shows
This is not the company's first open offer disclosure: BCEIE has 10 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 8.2% on average the next trading day and was up 19.0% on average after five days (10 filings with price data).
Market-wide, 317 open offer filings with an impact score of 50 or more saw an average next-day move of +2.1%, with 55% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 30 Sept 2026 | Recommendations of Independent Director's Committee as per… | −0.9% | +1.6% |
| 30 Sept 2026 | Letter of Offer. | −0.6% | +2.4% |
| 29 Sept 2026 | The Company is in receipt of the Letter of Offer ("LOF") in relation… | −0.6% | +2.4% |
| 8 Sept 2026 | Update on Delisting | −1.1% | −1.2% |
| 9 Jun 2026 | Voluntary Delisting | +0.5% | +3.1% |
In the news
Recent coverage elsewhere (links open the original publisher):
- Hitech Corporation re-appoints Malav Dani as MD and appoints Mehli Golvala as Independent Director
- Hitech (HITECHCORP) Share/Stock Price Live, NSE
- Hitech Corporation Share Price near 52-week high, Rs 340
- What Is SungEel HiTech Co., Ltd.'s (KOSDAQ:365340) Share Price Doing?
- HiTech Group Australia Limited (ASX:HIT) Expands Government Recruitment and Specialist Consulting Services
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.