Description
BSE circular announcing the outcome of reverse book building process for delisting of Manphool Exports Limited under SEBI Delisting Regulations.
Summary
BSE has published the outcome of the reverse book building process conducted for the voluntary delisting of Manphool Exports Limited under Regulation 17(3) of the SEBI (Delisting of Equity Shares) Regulations, 2021.
Key Points
- Reverse book building process completed for Manphool Exports Limited
- Process conducted under SEBI Delisting Regulations 17(3)
- Circular published on November 6, 2025
- Results determine the final delisting price or outcome
Regulatory Changes
No regulatory changes. This is a disclosure of process outcome under existing SEBI (Delisting of Equity Shares) Regulations, 2021.
Compliance Requirements
- Company must comply with the outcome of the reverse book building process
- Shareholders who participated in the process will be informed of final price/outcome
- Further steps as per SEBI Delisting Regulations to be followed
Important Dates
- Circular Date: November 6, 2025
- Process completion and outcome announcement
Impact Assessment
Impact on Manphool Exports Shareholders: High - Determines exit price for shareholders wanting to tender shares
Market Impact: Low to Medium - Limited to company-specific impact; affects shareholders of Manphool Exports Limited who wish to exit through the delisting process
Process Significance: The reverse book building mechanism allows price discovery through shareholder participation, determining whether delisting proceeds and at what price
Impact Justification
Delisting outcome affects shareholders of Manphool Exports Limited; significant for company-specific investors but limited broader market impact