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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Promoter Rajeshkumar Ramkumar Mittal bought 9,000 equity shares of Riddhi Steel and Tube Ltd on 9 June 2025 through the open market. His individual holding rose from 8.11% (6,72,350 shares) to 8.22% (6,81,350 shares). Together with Persons Acting in Concert (PACs) — Rajesh R Mittal HUF, Preeti Rajesh Mittal, Rajat Rajesh Mittal and Riddhi Rajesh Mittal — the promoter group's combined holding increased marginally from 73.68% to 73.79% of the company's equity. The acquisition was disclosed to BSE under Regulation 29(2) of SEBI Takeover Regulations. The company's total equity share capital remains unchanged at 82,90,252 shares of Rs. 10 each.
This is a small open-market purchase by an existing promoter and is largely a routine signal of promoter confidence. However, with the promoter group already at 73.79%, they are inching closer to the 75% regulatory threshold, which could limit further room to buy and may attract heightened scrutiny from retail investors.