The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajeshkumar Mittal
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Riddhi Steel and Tube Ltd's promoter, Rajeshkumar Ramkumar Mittal, purchased 4,500 equity shares in the open market on 24 March 2026, as disclosed under Regulation 29(2) of SEBI Takeover Regulations. This raises his individual holding from 10,87,275 shares (8.74%) to 10,91,775 shares (8.78%), a marginal increase of about 0.04%. Together with PACs (including Rajesh R Mittal HUF, Preeti Rajesh Mittal, Rajat Rajesh Mittal, and Riddhi Rajesh Mittal), the promoter group's combined holding moves from 74.39% to 74.43%. The total equity share capital of the company remains unchanged at 1,24,35,378 shares of Rs.10 each.
This is a very small open-market purchase by the promoter, signalling modest confidence but unlikely to meaningfully move the stock price. The promoter group continues to hold a dominant 74.43% stake, leaving limited free float for retail investors.