Description

BSE announces the outcome of the Reverse Book Building Process (RBBP) for delisting of PIYUSH LIMITED, conducted from May 12–18, 2026, under SEBI Delisting Regulations 2021.

Summary

BSE has announced the outcome of the Reverse Book Building Process (RBBP) for the delisting of equity shares of PIYUSH LIMITED (PIL). The RBBP was conducted from Tuesday, May 12, 2026, to Monday, May 18, 2026, pursuant to the SEBI (Delisting of Equity Shares) Regulations, 2021. The outcome has been disclosed under Regulation 17(3) of the Delisting Regulations.

Key Points

  • Acquirer is Piyush Goenka, a member of the Promoter Group of PIYUSH LIMITED
  • The offer targeted acquisition of up to 10,490 fully paid-up equity shares at face value of Rs. 10.00 each
  • The offer shares represent 2.13% of the total paid-up equity share capital of the company
  • The RBBP ran from May 12, 2026 to May 18, 2026
  • Registrar to the Issue: MAHESHWARI DATAMATICS PVT. LTD
  • Manager to the Delisting Offer: INTELLIGENT MONEY MANAGERS PRIVATE LIMITED
  • This notice continues from Exchange Notice No. 20260506-24 dated May 06, 2026
  • The outcome document dated May 18, 2026 is attached to the BSE notice

Regulatory Changes

No new regulatory changes introduced. This circular is an outcome disclosure under Regulation 17(3) of the SEBI (Delisting of Equity Shares) Regulations, 2021, which mandates public announcement of RBBP results.

Compliance Requirements

  • The Registrar (MAHESHWARI DATAMATICS PVT. LTD) and Manager to the Delisting Offer (INTELLIGENT MONEY MANAGERS PRIVATE LIMITED) have analysed the bid data and disclosed results as required
  • Shareholders who participated in the RBBP should review the attached outcome document for details on discovered price and acceptance status
  • Further steps in the delisting process (acceptance or rejection by the acquirer) will be governed by the Delisting Regulations following this outcome

Important Dates

  • May 06, 2026: Original Exchange Notice No. 20260506-24 announcing the delisting offer
  • May 12, 2026: RBBP opening date
  • May 18, 2026: RBBP closing date and outcome announcement date

Impact Assessment

This delisting event has a limited market impact given the small scale — only 10,490 shares representing 2.13% of total equity capital were offered. The impact is confined to existing public shareholders of PIYUSH LIMITED who participated or were eligible to participate in the RBBP. The outcome will determine whether the delisting proceeds based on the discovered price from the bidding process and the acquirer’s acceptance decision. Broader market participants are unlikely to be materially affected.

Impact Justification

Company-specific delisting event affecting a small-cap company with limited public float (2.13% offer size); relevant primarily to existing shareholders of PIYUSH LIMITED rather than broader market participants.