Pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015 the Board of Directors has approved the issuance of Bonus Shares
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Riddhi Steel and Tube Ltd's board, at its meeting on 1 January 2026, approved the issuance of bonus equity shares in the ratio of 1:2, meaning 1 new equity share for every 2 existing shares held. A total of around 41.45 lakh bonus shares (face value Rs. 10 each) worth about Rs. 4.14 crore will be issued, taking the paid-up share capital from Rs. 8.29 crore (82.9 lakh shares) to Rs. 12.44 crore (1.24 crore shares). The bonus will be funded out of the company's securities premium (Rs. 790.20 lakh) and retained earnings (Rs. 4,590.62 lakh) as on 31 March 2025, which are audited. The company is also increasing its authorised share capital from Rs. 8.5 crore to Rs. 15 crore to accommodate the bonus, and shareholders' approval will be sought at an upcoming EGM.
Eligible shareholders will receive 1 free share for every 2 held, effectively increasing their share count by 50% but not the overall value of their holding. Bonus shares are expected to be credited on or before 1 March 2026. The stock may see a price adjustment on the ex-bonus date, which is a routine event and not a sign of new cash inflow for the company.