Hitech Corporation

Hitech Corporation received the post-offer public announcement dated 15 October 2026 from Kreo Capital, the manager to the voluntary delisting offer for its equity shares. The reverse book building for 43,91,220 shares had closed on 13 October with a discovered price of Rs425 against a floor of Rs252 and an indicative price of Rs353, with 29,84,693 shares tendered at or below the discovered price. The tender would take the promoter group to 1,57,69,173 shares, about 92.67% of the remaining capital, against a 90% minimum, with escrow of Rs155.01 crore funded with HDFC Bank. Hitech manufactures rigid plastic packaging across 13 plants and reported consolidated revenue of Rs64,040 lakh in FY26 with net profit of Rs1,519 lakh. Plastic Products remained its sole reportable segment in the June quarter, when revenue was Rs22,567 lakh and net profit was Rs711 lakh.

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Hitech Corporation's reverse book building for its voluntary delisting closed on 13 October 2026 with a discovered price of Rs 425 per share. A total of 34,16,208 shares were tendered through 778 valid bids priced between Rs 252 and Rs 2,000, with 29,84,693 shares bid at or below the discovered price. Acceptance of the discovered price would take promoter-group holding led by Geetanjali Trading and Investments to 1,57,69,173 shares, or 92.67% of the remaining capital, above the 90% threshold needed for the offer to succeed. The offer had sought up to 43,91,220 shares representing 25.57% of equity at a floor price of Rs 252 and an indicative price of Rs 353. The company operated 13 plants making rigid plastic packaging and reported consolidated revenue of Rs 640.40 crore in the year to March 2026. Consolidated revenue in the June quarter was Rs 225.67 crore with net profit of Rs 7.11 crore.

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Aug 14 (Reuters) - Hitech Corporation Ltd HITE.NS:

• HITECH CORPORATION JUNE-QUARTER CONSOL PROFIT 71.1 MILLION RUPEES

• HITECH CORPORATION JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.26 BILLION RUPEES

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May 8 (Reuters) - Hitech Corporation Ltd HITE.NS:

• HITECH CORPORATION LTD - APPOINTS MUGDHA KHARE AS CFO EFFECTIVE MAY 08, 2026

Source text: ID:nBSE83j9HN

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March 13 (Reuters) - Hitech Corporation Ltd HITE.NS:

• HITECH CORPORATION LTD - TO CLOSE PPMF BUSINESS UNIT IN GUJARAT

• HITECH CORPORATION LTD - CLOSURE OF PPMF UNIT NOT EXPECTED TO AFFECT COMPANY OPERATIONS

Source text: ID:nBSE89k281

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March 7 (Reuters) - Hitech Corporation Ltd HITE.NS:

• REMAINING 4% EQUITY SHARES OF THRIARR POLYMERS ACQUIRED

Source text: ID:nBSE1HTzMb

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Feb 24 (Reuters) - Hitech Corporation Ltd HITE.NS:

• HITECH CORPORATION - ENTERS AGREEMENT TO ACQUIRE 100% STAKE IN THRIARR POLYMERS

• HITECH CORPORATION LTD - COST OF ACQUISITION NOT EXCEEDING 300 MILLION RUPEES

Source text: ID:nBSE2gGFGz

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** Shares of EPL EPLI.NS down 2.3% to 184.95 rupees

** Co's Q4 profit fell 73.5% YoY

** Peer Hitech Corporation's HITE.NS Q4 profit also fell

** EPLI rated "strong buy" on avg, median PT is 248 rupees - LSEG data

** EPLI and HITE down 8.4% and 14% YTD

(Reporting by Varun Vyas in Bengaluru)

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May 16 (Reuters) - Hitech Corporation Ltd HITE.NS:

• HITECH CORPORATION MARCH-QUARTER PROFIT 66.4 MILLION RUPEES VERSUS PROFIT 88.2 MILLION RUPEES

• HITECH CORPORATION LTD MARCH-QUARTER REVENUE FROM OPERATIONS 1.39 BILLION RUPEES VERSUS 1.28 BILLION RUPEES

• DIVIDEND OF 1 RUPEE PER SHR

Source text for Eikon: ID:nNSE9dcVFq

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April 15 (Reuters) - Hitech Corporation Ltd HITE.NS:

• APPROVED INCORPORATING UNIT IN UNITED STATES OF AMERICA

Source text for Eikon: ID:nBSE2y4lD9

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** Shares of Hitech Corporation HITE.NS up 3.7% at 211.95 rupees

** Co says commercial production at manufacturing facility in Gujarat for production of barrels and drums for bulk packaging began

** Stock on track to rise for a third straight session, if trend holds

** Stock down 19.5% so far this year, after rising 14% in 2023

(Reporting by Varun Vyas in Bengaluru)

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March 22 (Reuters) - Hitech Corporation Ltd HITE.NS:

• COMMERCIAL PRODUCTION AT DAHEJ FACILITY HAS COMMENCED

Source text for Eikon: ID:nBSEYKJSn

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Nov 7 (Reuters) - Hitech Corporation Ltd HITE.NS:

• INDIA'S HITECH CORPORATION SEPT-QUARTER PROFIT 51.5 MILLION RUPEES VERSUS PROFIT 104.9 MILLION RUPEES

• HITECH CORPORATION SEPT-QUARTER REVENUE FROM OPERATIONS 1.43 BILLION RUPEES VERSUS 1.61 BILLION RUPEES

Source text for Eikon: ID:nNSE9gHhNM

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Aug 9 (Reuters) - Hitech Corporation Ltd HITE.NS:

• APPROVED SETTING UP OF NEW MANUFACTURING FACILITY AT DAHEJ, DIST. BHARUCH, GUJARAT

• FACILITY FOR PRODUCTION OF BARREL/DRUMS FOR BULK PACKAGING

• CO IS IN PROCESS OF SETTING UP INFRASTRUCTURE FACILITIES FOLLOWED BY PROCUREMENT OF REQUISITE MACHINERY

• PLANS FOR NEW PLANT TO BE OPERATIONAL TENTATIVELY BY DECEMBER 2023

Source text for Eikon: ID:nNSEc1NlPh

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May 17 (Reuters) - Hitech Corporation Ltd HITE.NS:

• HITECH CORPORATION LTD - DIVIDEND 1 RUPEE PER SHARE

• INDIA'S HITECH CORPORATION MARCH-QUARTER PROFIT 88.2 MILLION RUPEES VERSUS 83.4 MILLION RUPEES

• HITECH CORPORATION MARCH-QUARTER REVENUE FROM OPERATIONS 1.28 BILLION RUPEES VERSUS 1.50 BILLION RUPEES

Source text for Eikon: ID:nBSE3jbWG3

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