RITES Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
RITES Limited has filed a regulatory disclosure confirming that the Government of India (through the Hon'ble President of India acting via the Ministry of Railways) continues to hold 72.20% of the company's paid-up share capital, equating to 34,70,09,546 equity shares of Rs. 10 each, as on 31st March 2025. The disclosure also confirms that no encumbrance or pledge was created on these promoter-held shares, directly or indirectly, during the financial year ended 31st March 2025. This is a routine annual compliance filing required under SEBI's takeover regulations for entities holding more than 25% stake. There has been no change in the promoter's stake from the prior disclosed level.
This is a routine compliance disclosure with no material change in promoter holding. Investors can take comfort that the Government continues to hold a strong majority stake with no pledging activity, which supports stability but also means the stock has limited free float. No immediate impact on share price is expected from this filing.