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CES Ltd to Voluntarily Delist from BSE; Promoters Set ₹92.36 Floor Price to Acquire Remaining 25.16% Public Stake

Written by,

Surjeet Dudani

Jul 19, 2025

“Full Control, Fresh Strategy: CES Ltd Plans Exit from BSE to Focus on Global Expansion”

CES Ltd Moves Towards Delisting from BSE at ₹92.36 Floor Price

CES Ltd, a mid-cap IT and ITeS firm, has announced a voluntary delisting from BSE. Its promoters aim to acquire 25.16% of equity shares from public shareholders at a floor price of ₹92.36 per share.

The delisting offer is managed by Finshore Management Services Ltd and is part of a broader plan to enhance business flexibility. The promoters currently hold 74.84% of the total paid-up equity capital. Once the process concludes, they intend to take full ownership of CES Ltd.

Why Delisting Now?

The company believes that going private will help reduce regulatory costs, enable faster strategic decisions, and support expansion into new geographies and verticals. This is especially relevant given the shifting risk profile of their upcoming business segments.

The process began on December 27, 2024, when the promoters submitted an expression of interest. A certified company secretary and an independent valuer helped determine the ₹92.36 floor price, following regulatory guidelines.

On January 8, 2025, the CES Board approved the delisting offer. A postal ballot followed, with 100% of public shareholders voting in favor. BSE gave its in-principle nod on July 15, 2025.

Shareholder Exit Opportunity

The reverse book-building process offers public shareholders a liquidity exit at the proposed price. Amid current market volatility, this proposal may benefit those looking to reduce exposure to small-cap stocks.

The promoters have confirmed that sufficient funds are in place to complete the buyback and meet SEBI’s delisting requirements.

About CES Ltd

Founded in 1985 and formerly known as Serve All Enterprise Solutions Ltd, CES provides tech and BPM services for mid-sized global clients. It has delivery centers in Hyderabad, Chennai, and Visakhapatnam, and near-shore presence in the US, Europe, and the Middle East.

Its offerings include cloud and infrastructure services, fraud prevention, F&A, digital transformation, and domain-specific solutions like asset management and retail automation.

In FY25, CES Ltd posted ₹522 crore in net sales, ₹44 crore in operating profit, and ₹30 crore in net profit. The company has a PE of 0.06x, ROE of 14%, and ROCE of 17%. The last traded price was ₹0.44 per share in October 2024, with a 52-week range between ₹0.30 and ₹0.44.

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Investors: Knowing What Not to Do

Matters More Than Knowing What to Do

In investing, returns often improve naturally when common mistakes are avoided. Over time, by observing and interacting with many investors, certain behavioral patterns clearly stand out. These traits usually indicate investors who struggle to succeed in the stock market.

Investors who panic easily and sell as soon as markets fall slightly.
Those who lack patience and expect fast results.
People who treat the stock market like a gambling platform instead of investing in real businesses.
Investors who borrow money to invest, especially during bull markets.
Individuals who book profits too early without letting investments grow.
Overactive traders who frequently buy and sell but believe they are long-term investors.
Emotional investors whose decisions are driven by market noise or personal life situations.
People who focus more on lifestyle display and status rather than disciplined wealth building.
Investors with irregular income who fail to invest consistently, limiting the power of compounding over time.
Those who stop learning after making some money and lose the drive to grow further.
Investors who blindly follow tips from social media, influencers, or news without doing their own research.
People who don’t review their mistakes and keep repeating the same errors.
Those who ignore risk management and invest without understanding downside possibilities.
Investors who constantly compare their returns with others and make impulsive changes.
People who have no long-term plan and keep changing strategies every few months.

Often, it’s the blind spots we are unaware of that lead to disappointing outcomes. If you recognize any of these traits in yourself, working on them can make a big difference. Stock market investing is a journey of learning first and earning later. Unfortunately, many investors try to earn first and learn later.