The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ritesh Arora & PAC
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Promoters Ritesh Arora and Rijul Arora, along with PAC A. Roopica Arora, have acquired 8,20,000 equity shares (4.98%) of Ritesh International Ltd through a preferential allotment dated 30.01.2026, with each promoter receiving 4,10,000 shares. As a result, the promoter group's total holding increased from 36,81,947 shares (43.05%) to 45,01,947 shares (48.03%) of the company. The company's total equity share capital expanded from 85,52,820 shares to 93,72,820 shares following this preferential issue. Despite the increase, the promoter group continues to hold below the 50% majority threshold, leaving the company without assured promoter-controlled majority status.
This preferential allotment strengthens promoter skin in the game by raising their stake by nearly 5%, which is generally viewed positively as a signal of promoter confidence in the business. However, with promoter holding at 48.03%, the company remains just below the majority mark, meaning non-promoter shareholders collectively retain meaningful voting influence.