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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Promoter Rajeshkumar Ramkumar Mittal bought 9,000 equity shares of Riddhi Steel and Tube Ltd on 9 July 2025 through the open market, increasing his individual holding from 8.40% (6,96,350 shares) to 8.51% (7,05,350 shares). Together with persons acting in concert (PAC), the promoter group's total holding rose marginally from 73.97% to 74.08% (61,41,632 shares). The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011, as the acquisition crossed a reporting threshold. The company's total equity share capital remains Rs.8.29 crore, comprising 82,90,252 shares of Rs.10 each.
This is a small open-market purchase by the promoter, signalling continued insider confidence in the company. While the size is modest (only 0.11% increase individually), it reinforces promoter commitment with the promoter group already holding a dominant 74.08% stake.