Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 the Board of Directors has approved the alteration of Capital Clause V of the MOA of the Company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board of Directors of Riddhi Steel and Tube Ltd, at its meeting held on 1st January 2026, approved an increase in the Authorised Share Capital from Rs. 8.50 Crore (85 lakh equity shares of Rs. 10 each) to Rs. 15 Crore (1.50 crore equity shares of Rs. 10 each), along with an alteration of Clause V of the Memorandum of Association. The Board also approved the issuance of Bonus Shares in the ratio of 1:2, meaning 1 new equity share for every 2 existing shares held. A total of approximately 41.45 lakh bonus shares (worth Rs. 4.14 Crore) will be issued, increasing the paid-up share capital from 82.90 lakh shares (Rs. 8.29 Crore) to 1.24 crore shares (Rs. 12.44 Crore). The bonus will be funded from securities premium (Rs. 790.20 Lakhs) and retained earnings (Rs. 4,590.62 Lakhs) as on 31st March 2025, with shares expected to be credited on or before 1st March 2026.
The 1:2 bonus issue rewards existing shareholders with additional shares at no cost, which typically leads to a proportionate price adjustment but signals management confidence in future earnings. The authorised capital hike leaves room for future fundraising or further issuances. Shareholders should watch for the EGM and record date announcements.