Sandeep Jain 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.
RITES · price
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Awaiting price reaction for this filing.
RITES Limited has submitted a Regulation 31(4) disclosure confirming that the President of India, acting through the Ministry of Railways, continues to hold 72.20% of the company's paid-up share capital, equalling 34,70,09,546 equity shares of Rs. 10 each, as on 31 March 2025. The disclosure also states that no encumbrance or pledge was created on these shares during the financial year. This is a routine annual compliance filing by the promoter, with no change in stake reported. The company is a government-owned entity under the Ministry of Railways, listed on both BSE and NSE.
This is a routine annual disclosure with no change in promoter holding and no encumbrance, so it is neutral for shareholders and is unlikely to have any meaningful effect on the stock price.