Allotment of Bonus Shares in the ratio of 1:2.
Price
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Riddhi Steel and Tube Ltd has allotted 41,45,126 bonus equity shares of Rs. 10 each to its shareholders. The bonus ratio is 1:2, meaning one new bonus share for every two existing shares held. Shareholders whose names appeared in the company's records as of February 17, 2026 (the record date) were eligible for the bonus. Following this allotment, the company's paid-up equity share capital has increased from 82,90,252 shares (Rs. 8.29 crore) to 1,24,35,378 shares (Rs. 12.43 crore). The bonus issue was approved by shareholders at an EGM on January 27, 2026, and formally allotted by the Board on February 18, 2026.
Eligible shareholders will see their share count increase by 50% (from 2 shares to 3 shares) without any cost, though the share price will adjust downward proportionally in the market. This rewards existing shareholders and improves share liquidity, but the company's overall value remains unchanged.