In continuation to the intimation, the Board of Directors in its meeting held today i.e. 01st day of October 2025, inter alia, considered and approved the following: Issuance of ....
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The Board of Directors of Ritesh International Ltd, at its meeting on October 1, 2025, approved a preferential issue of up to 8,20,000 equity shares to its promoters Ritesh Arora and Rijul Arora at a price of Rs. 46.23 per share (including a premium of Rs. 36.23 over the face value of Rs. 10). The total issue size is about Rs. 3.79 crore. Post-issue, promoter Ritesh Arora's stake will rise from 16.38% to 19.32%, while Rijul Arora's stake will go from 16.60% to 19.52%, taking the combined promoter holding from roughly 33% to around 39%. The issue price of Rs. 46.23 is marginally above the SEBI-determined minimum price of Rs. 46.229. An Extra-Ordinary General Meeting has been scheduled for October 30, 2025, to seek shareholder approval for the allotment.
This is a modest capital infusion (around Rs. 3.79 crore) entirely from existing promoters, reflecting their continued confidence in the company but resulting in a small dilution for minority shareholders. With the issue priced at the regulatory floor and limited scale, the stock price impact is likely to be muted.