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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On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.7 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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Rajeshkumar Ramkumar Mittal, a promoter of Riddhi Steel and Tube Ltd, purchased 15,750 equity shares (0.13% of total share capital) in the open market on 27 March 2026. His individual holding in the company increased from 8.83% to 8.96% (10,98,525 to 11,14,275 shares). Together with persons acting in concert, the promoter group's combined holding stands at 65.65% of the company's equity. The disclosure has been filed with BSE as required under SEBI's Substantial Acquisition of Shares & Takeovers Regulations.
This is a small open-market purchase by a promoter, signalling modest insider confidence in the company. The size is too small to materially shift promoter control or move the stock price, but it reinforces promoter commitment to the business.