Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith is a copy of the EGM Notice dated 01st January, 2026, together with the Explanatory Statement seeking ....
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Riddhi Steel and Tube Ltd has called an Extra-Ordinary General Meeting (EGM) on January 27, 2026, to seek shareholder approval for two key resolutions. First, the company proposes to increase its authorised share capital from Rs. 8.5 crore (85 lakh equity shares of Rs. 10 each) to Rs. 15 crore (1.5 crore equity shares of Rs. 10 each), an addition of Rs. 6.5 crore. Second, the board has recommended issuing bonus shares in a 1:2 ratio (1 bonus share for every 2 shares held) by capitalising Rs. 4.14 crore from securities premium and/or retained earnings. This will result in the allotment of 41,45,126 bonus equity shares, raising the paid-up capital from Rs. 8.29 crore to Rs. 12.43 crore. The record date for the bonus issue will be fixed by the board after shareholder approval, and the allotment must be completed within two months of the board meeting held on January 1, 2026.
Eligible shareholders will receive 1 bonus share for every 2 shares held, increasing their share count by 50%, though the per-share market price typically adjusts downward proportionally after the ex-date. The higher authorised capital gives the company flexibility to raise additional funds in the future, though no such plan has been announced yet.