BSERiddhi Steel and Tube Ltd· Industrial ProductsHighNeutral
Announced Fri, 5 Sept, 2025 · 10:46 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajeshkumar Ramkumar Mittal & PACs

Promoter Stake BuyOwnership Changes View source PDFExplain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
-1.1%Next day
₹56.65
prior close
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announcement price
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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-1.6% vs market
Iron & Steel Products peers, median of 91sector+0.4%-1.5% vs sector

By the next day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.5 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 91Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rajeshkumar Ramkumar Mittal, part of the promoter group of Riddhi Steel and Tube Ltd, acquired 1,500 equity shares in the open market on September 4, 2025. This represents a tiny 0.01% increase in his individual holding, taking it from 8.53% to 8.54%. The total promoter group holding (including PACs - Rajesh R Mittal HUF, Preeti Rajesh Mittal, Rajat Rajesh Mittal, and Riddhi Rajesh Mittal) rose marginally from 74.10% to 74.11% of the company's equity. The company's total equity share capital remains at 82,90,252 shares of Rs. 10 each. The disclosure is filed as required under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011.

Likely market impact

This is a very small, routine open market purchase by a promoter and signals continued promoter confidence, but the size (just 1,500 shares, 0.01%) is too small to materially affect shareholding pattern or stock price.