The voting result of the business transacted in the EGM as required under regulation 44(3) of the SEBI (LODR) Regulations, 2015.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Riddhi Steel and Tube Ltd held an Extra Ordinary General Meeting (EGM) on 27 January 2026 from 11:00 AM to 11:30 AM where shareholders approved two ordinary resolutions with 100% votes in favour and zero votes against. Resolution 1 was to increase the Authorised Share Capital and Resolution 2 was to issue Bonus Equity Shares. Of the 94 shareholders on record date (23 January 2026), 14 attended the meeting (5 from the promoter group and 9 from the public). Out of 82,90,252 total outstanding shares, 64,10,132 shares (77.32%) were polled, and every single polled vote was cast in favour of both resolutions. The scrutinizer, Gaurang Radheshyam Shah of G R Shah & Associates, confirmed both resolutions were passed with the requisite majority and found no invalid votes.
With shareholders unanimously approving the Bonus Equity Shares issuance, eligible investors can expect additional free shares credited to their demat accounts in due course, though the bonus ratio has not been disclosed in this filing. The increase in authorised share capital is a necessary precursor to the bonus issue. There was no opposition from any shareholder group, indicating broad consensus on the corporate action.