Notice No.   20240514-3   Notice Date   14 May 2024
Category   Trading   Segment   Equity
Subject   Outcome of Reverse Book Building Process under regulation 17(3) of the Delisting Regulations of Welcast Steels Limited
Attachments   RBBP_Outcome-BSE.pdf ;

  This is in continuation with Exchange notice no 20240503-33 dated May 03, 2024 for the Delisting Offer of Welcast Steels Limited (“Target Company”) made by the AIA Engineering Limited (“Promoter Acquirer”) to acquire 1,60,500 Equity Shares of face value of Rs.2.00/- each (‘equity shares’) held by the Public Shareholders at the floor price of Rs.1,528/- per equity share through the reverse book-building process (“RBBP”) and indicative price of Rs.1550/- in respect of Delisting of Equity Shares of the Company, in accordance with the SEBI Delisting Regulations from May 07, 2024 to May 13, 2024.

Bigshare Services Private Limited (“Registrar to Issue”) and Vivro Financial Services Private Limited (“Manager to the Delisting Offer”) have analysed the data and in consultation with the Acquirer, the outcome of the Reverse Book Building Process is disclosed, which is hereby announced in terms of Regulation 17(3) of the SEBI Delisting Regulations.

Lien marked on shares tendered/offered will be released on the Equity Shares in their respective demat accounts of the Public Shareholders in accordance with Regulation 23 of the SEBI Delisting Regulations.

The outcome announcement dated 13th May 2024 is attached herewith for your reference.


Mangesh Tayde

Deputy General Manager

Listing Business Relationship

May 14, 2024