Pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015 the Board of Directors has approved the issuance of Bonus Shares

Corporate Actions View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.0%Reaction day

₹166.70

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%+3.1% vs market

Iron & Steel Products peers, median of 93sector+0.6%+3.4% vs sector

On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 3.4 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.0+0.9+3.1+0.6+3.4

Next day

+8.0+1.2+6.8+0.5+7.5

+13.4+0.5+12.9+0.2+13.2

+18.8+0.5+18.2+0.1+18.7

+22.0-1.4+23.4-1.8+23.8

+24.0-3.1+27.1-3.7+27.7

+25.0-3.6+28.6-3.9+28.9

15d

+32.0-9.0+41.0-9.4+41.4

—-7.0—-9.8—

—-7.8—-7.8—

—-11.9—-13.5—

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 93Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.