Nilachal Refractories Limited to Hold Board Meeting Regarding Voluntary Delisting Offer
Nilachal Refractories Limited announced that a Board of Directors meeting is scheduled for Tuesday, March 31, 2026, to consider a voluntary delisting offer for its equity shares. The announcement follows an initial public announcement dated March 11, 2026, by Narnolia Financial Services Limited, acting as Manager to the Offer, on behalf of SFAL Speciality Alloys Limited (the Acquirer).SFAL Speciality Alloys Limited has expressed its intention to acquire all equity shares held by public shareholders, with a face value of 10 Rupees each, and subsequently voluntarily delist the shares from the BSE Limited and the Calcutta Stock Exchange Limited.
During the meeting, the Board will review a Due Diligence Report provided by Twinkle Agarwal, Peer Review Practicing Company Secretary, as mandated by regulations. The Board will also consider and approve or reject the Delisting Offer, taking into account the Due Diligence Report and other relevant factors. Approval will also be sought for other actions required under the relevant regulations, including potential shareholder approval.
Furthermore, the trading window for designated persons and insiders of the company will be closed from March 25, 2026, and will remain closed until 48 hours after the outcome of the board meeting is declared to the BSE and CSE.
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