The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajeshkumar Ramkumar Mittal & PACs
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Awaiting price reaction for this filing.
Promoter Rajeshkumar Ramkumar Mittal purchased 1,500 equity shares of Riddhi Steel and Tube Ltd on 17 September 2025 through the open market. The promoter's individual holding rose marginally from 7,09,850 shares (8.56%) to 7,11,350 shares (8.58%). Combined with Persons Acting in Concert (PACs), the total promoter group holding now stands at 61,47,632 shares, or 74.15% of the company's paid-up equity capital, up from 74.13% earlier. This is a small incremental purchase filed under takeover regulations to keep the exchange informed of promoter-group stake changes.
The purchase is very small in size (0.02% change) and unlikely to materially affect the stock price, but signals continued promoter confidence in the company. Promoter group remains comfortably in control at over 74% stake.