Kothari Products Ltd. - Management fiddles while the Minority Investors burn !!

Kothari Products Ltd. is a highly profitable, cash rich company in the business of making pan masala and packaged drinking water. The promoter group holds more than 80% of the equity of the company. On September 20, 2005 at the AGM a special resolution was passed to voluntarily delist the company from NSE, BSE and CSE. Since then the management has not made a single move, while the share continues to be illiquid and languishes at well below its book value. Effectively, the minority investor has no avenue to exit at a fair price. And here I would like to put the emphasis on fair price. Shouldn't there be a reasonable timetable which the company must adhere to once such a resolution is passed? Will the SEBI do something about this or will one turn grey before seeing the fruits on ones investments?