The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajeshkumar Ramkumar Mittal
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Riddhi Steel and Tube Ltd's promoter, Rajeshkumar Ramkumar Mittal, acquired 4,500 equity shares on June 3, 2025 through the open market, as disclosed under SEBI Regulation 29(2). This raises his individual holding from 8.00% (6,63,350 shares) to 8.054% (6,67,850 shares). Together with persons acting in concert (PAC), the promoter group's total stake stands at 73.634% (61,04,132 shares), up marginally from 73.58% earlier. The total share capital of the company remains unchanged at Rs. 8.29 crore (82,90,252 equity shares of Rs. 10 each). This is a small, routine acquisition and does not materially alter the promoter group's control.
This is a minor, confidence-signalling open market purchase by the promoter. It has negligible impact on the shareholding pattern or stock price, but reflects continued promoter faith in the company.