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 bought 1,500 equity shares (0.02%) of Riddhi Steel and Tube Ltd through the open market on September 2, 2025. His individual holding inched up from 8.51% to 8.53% (7,05,350 to 7,06,850 shares). Together with Persons Acting in Concert (PACs) — family members and the Rajesh M Mittal HUF — the promoter group's combined holding stands at 61,43,132 shares, or 74.1% of the company's paid-up equity capital. The disclosure has been filed with BSE under Regulation 29(2) of the SEBI Takeover Regulations.
The purchase is too small to move the needle on share price, but the promoter group's collective holding at 74.1% is just under the 75% maximum non-public shareholding ceiling, leaving limited room for further promoter buying and signalling a thin public float that may keep trading liquidity low.