Clear Water Commodities Private Limited has filed another regulatory disclosure regarding the disposal of equity shares in rhetan tmt Limited, further reducing its shareholding position in the target company. The latest transaction was executed in compliance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Latest Transaction Details

The recent disposal involved 30,00,000 equity shares of Rhetan TMT Limited, representing 0.37% of the company's total share capital. The transaction was conducted through a combination of open market and off-market sales over two consecutive days.

The disposal was executed in two tranches: 5,00,000 shares on March 16, 2026, and 25,00,000 shares on March 17, 2026.

Updated Shareholding Position

Following this latest transaction, Clear Water Commodities Private Limited's shareholding has been further reduced to 2,31,54,352 shares, representing 2.91% of the total share capital. This marks a continued reduction from the company's previous holding of 2,61,54,352 shares (3.28%).

Previous Disposal Activity

This latest disposal follows a previous transaction where Clear Water Commodities had disposed of 1,50,95,648 equity shares, reducing its initial holding from 5.18% to 3.28%. The combined effect of both transactions shows a significant reduction in the company's stake in Rhetan TMT Limited.

Company Information

Clear Water Commodities Private Limited, incorporated with CIN U51101GJ2012PTC070395, is registered at 56A, Sthanakwasi Jain Society, Usmanpura, Ahmedabad. The company has confirmed that it does not belong to the promoter or promoter group of Rhetan TMT Limited.

Rhetan TMT Limited maintains its equity share capital structure of Rs. 79,68,75,000, divided into 79,68,75,000 equity shares with a face value of Re. 1 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Regulatory Compliance

The latest disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The filing was signed by Radheshyam Nuwal, Director of Clear Water Commodities Private Limited, bearing DIN 03016932, and submitted to both stock exchanges on March 17, 2026.

Rhetan TMT Limited announced its unaudited financial results for the quarter ended December 31, 2025, and issued a comprehensive postal ballot notice dated February 12, 2026, for seeking shareholder approval for Memorandum of Association amendment. The TMT bar manufacturing company reported strong quarterly performance while simultaneously initiating strategic business expansion into commodities trading through regulatory compliance procedures.

Board Meeting Outcomes and Postal Ballot Notice

The Board of Directors meeting was conducted on February 12, 2026, from 03:30 PM to 04:00 PM at the company's registered office. The Board approved the unaudited financial results for the quarter and nine months ended December 31, 2025, under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Subsequently, the company issued a formal postal ballot notice on February 16, 2026, to BSE Limited and National Stock Exchange of India Limited under Regulation 30.

Financial Performance for Q3FY26

The company delivered robust financial results for the third quarter. Revenue from operations stood at ₹615.48 lakh, while other income contributed significantly at ₹317.24 lakh, bringing total income to ₹932.72 lakh for the quarter. Net profit reached ₹444.78 lakh, representing a substantial increase from ₹139.05 lakh in the corresponding quarter of the previous year.

MOA Amendment for Commodities Trading Business

The postal ballot notice seeks shareholder approval for alteration in the Main Object Clause III [A] of Memorandum of Association by adding sub clause 5. The new object clause will enable the company to carry on the business of trading, buying, selling, importing, exporting, investing in, arbitraging, hedging and otherwise dealing in commodities of every kind and description, permitted by law. The scope includes agricultural and non-agricultural commodities, metals (precious and base), bullion, minerals, energy products, soft commodities, hard commodities and allied products, in physical form and through spot, forward, futures, options and other derivative contracts.

E-Voting Schedule and Process

The company has established a comprehensive e-voting process through Central Depository Services (India) Limited (CDSL) for the postal ballot. Mr. Chintan K. Patel, Practicing Company Secretary from Ahmedabad (Membership No. A31987; COP No: 11959), has been appointed as Scrutinizer for conducting the postal ballot through remote e-voting process in a fair and transparent manner.

Nine-Month Performance and Regulatory Compliance

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹1594.81 lakh compared to ₹3067.44 lakh in the corresponding period of the previous year. Despite lower revenue, the net profit for the nine-month period reached ₹807.93 lakh, representing a substantial increase from ₹446.55 lakh in the previous year. The company has fulfilled all regulatory obligations by publishing financial results advertisement in newspapers as per Regulation 47(1)(b) and 47(3) of SEBI LODR Regulations, 2015.

The postal ballot notice has been sent to all members whose email addresses are registered with the Company, Registrar and Share Transfer Agent, or Depository Participants. The company continues to operate as a single-segment company focused on manufacturing TMT bars while exploring strategic expansion into commodities trading business through this MOA amendment.