This is to bring to your kind notice that a meeting of the Board of Directors was held today i. e. Thursday, 01st January, 2026 as required under Regulation 30 (Schedule III Part A(4) of ....
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Riddhi Steel and Tube's board met on January 1, 2026 and approved a bonus issue of equity shares in a 1:2 ratio (1 new share for every 2 held). A total of 41,45,126 bonus shares (~Rs. 4.14 crore) will be issued, taking paid-up share capital from 82,90,252 shares to 1,24,35,378 shares. The bonus will be funded from securities premium (Rs. 790.20 lakh) and retained earnings (Rs. 4,590.62 lakh) as on March 31, 2025. The board also approved increasing authorised share capital from Rs. 8.5 crore to Rs. 15 crore, along with an EGM notice and appointment of a scrutinizer. Bonus shares are expected to be credited by March 1, 2026.
The bonus issue will increase the share count by 50%, which typically lowers the per-share price proportionally but does not change the company's overall value. Shareholders will hold more shares, though liquidity and stock price adjustment should be watched post-record date.