Summary of Proceedings of EGM as required under Regulation 30.
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Riddhi Steel and Tube Ltd held its first EGM of FY2025-26 on 27th January 2026 at its registered office in Ahmedabad, from 11:00 AM to 11:30 AM, chaired by Managing Director Mr. Rajeshkumar Ramkumar Mittal. All requisite quorum was present, with three Non-Executive Independent Directors and the Director & CFO also in attendance. Two key items of business were transacted: (1) approval to increase the authorised share capital of the company, and (2) consideration and approval of issuance of bonus equity shares to members. Voting was conducted by poll, with Mr. Gaurang R. Shah appointed as Scrutinizer. The company stated that voting results will be declared separately after receiving the scrutinizer's report and will be filed with the stock exchange.
Both agenda items — authorised capital increase and bonus share issuance — are shareholder-friendly actions that signal capital restructuring and rewards to existing shareholders. Once voting results are announced, the stock may react based on the bonus ratio and capital expansion plans; investors should watch for the scrutinizer's report for confirmed approval details.