With reference to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations 2015, We hereby inform you that Riddhi Siddhi Gluco ....
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Riddhi Siddhi Gluco Biols Ltd has received communication from promoter Mr. Ganpatraj Lalchand Chowdhary expressing intention to sell 8,23,422 equity shares representing 11.55% of total paid-up equity share capital through the Offer for Sale (OFS) mechanism. This sale is to achieve Minimum Public Shareholding (MPS) compliance following an SAT order dated March 9, 2026. The company has been non-compliant with MPS norms (requiring 25% public shareholding) since a SEBI order in August 2021. After the OFS completes, promoter holding will reduce to 75% and public holding will increase to 25%. The company will make further disclosures upon receiving final confirmation from the promoter.
This OFS will bring the company into compliance with SEBI's Minimum Public Shareholding requirement, ending trading restrictions. The sale of 11.55% stake by a promoter represents significant supply of shares which could impact the stock price short-term.