Riddhi Steel And Tube Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/01/2026 ,inter alia, to consider and approve Notice is hereby given ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Riddhi Steel and Tube Ltd has informed BSE that its Board of Directors will meet on January 1, 2026 at 01:00 p.m. The Board will consider increasing the Authorised Share Capital of the company along with amending the Memorandum of Association accordingly. It will also consider the issuance of Bonus shares and approve the draft of a postal ballot notice to seek shareholder approval. The trading window for insiders has been closed from December 27, 2025 until 48 hours after the board meeting concludes.
The consideration of a bonus share issuance and authorised capital increase is a positive signal for existing shareholders, as bonus shares reward them with additional shares, though the exact ratio is not yet disclosed. The use of a postal ballot suggests shareholders will be asked to approve these corporate actions, so investors should watch for further announcements on ratio terms and the postal ballot details.