The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ritesh Arora & Others
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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. Each of the two promoter-acquirers received 4,10,000 shares. Post-allotment, the promoter group's combined holding has risen from 36,81,947 shares (43.05%) to 45,01,947 shares (48.03%) of the expanded equity capital. The company's total equity share capital has increased from 8,55,28,220 to 9,37,28,220 shares, reflecting a fresh issuance to the promoters. The acquisition was disclosed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
The promoter holding is now just under the 50% mark at 48.03%, signalling strong promoter confidence and tighter control. The dilution of non-promoter shareholders by roughly 4.98% may be viewed positively as it shows promoter commitment of fresh capital, though it slightly reduces minority shareholders' proportional stake.