GENERAL ANNOUNCEMENT
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Rajasthan Tube Manufacturing Company has disclosed a change in promoter shareholding under SEBI Regulation 30. On 23rd May 2025, one of the promoters, Pradeep Jain, sold his shares in the company. As a result, the total promoter shareholding in the company has dropped from above 20% to 16.51%. The company has flagged this as a material event, noting that it may impact the perception of management control or the long-term strategic direction of the company.
A fall in promoter shareholding to 16.51% signals reduced promoter control and may create uncertainty around future management and strategic direction. Retail investors should monitor for any further changes in ownership or board composition that could affect governance.