Clear Water Commodities Further Reduces Shareholding in Rhetan TMT to 2.71%

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 15,92,243 equity shares of Rhetan TMT Limited, representing 0.20% of the company's total share capital. The transaction was conducted through open market sales over two consecutive days in March 2026.

Transaction Parameter:	Details
Shares Disposed:	15,92,243
Percentage of Total Capital:	0.20%
Transaction Mode:	Open Market
Sale Dates:	March 18-19, 2026

The disposal was executed in two tranches: 9,45,823 shares on March 18, 2026, and 6,46,420 shares on March 19, 2026.

Updated Shareholding Position

Following this latest transaction, Clear Water Commodities Private Limited's shareholding has been further reduced to 2,15,62,109 shares, representing 2.71% of the total share capital. This marks a continued reduction from the company's previous holding of 2,31,54,352 shares (2.91%).

Shareholding Status:	Before Latest Transaction	After Latest Transaction
Number of Shares:	2,31,54,352	2,15,62,109
Percentage Holding:	2.91%	2.71%
Voting Rights:	2.91%	2.71%

Previous Disposal Activity

This latest disposal follows previous transactions where Clear Water Commodities had disposed of significant equity stakes. The company's initial holding was 5.18%, which was first reduced to 3.28%, then to 2.91%, and now stands at 2.71%. The combined effect of these transactions shows a systematic reduction in the company's stake in Rhetan TMT 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 19, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.42%	+12.57%	+18.30%	+31.22%	+35.42%	+35.42%

Rhetan TMT Limited has successfully concluded its postal ballot process, with shareholders decisively approving a special resolution to alter the Object Clause of the company's Memorandum of Association. The voting process concluded on March 18, 2026, demonstrating strong shareholder support for expanding the company's business scope into commodity trading operations.

New Business Object Details

The approved resolution involves insertion of a new object clause in the Main Object Clause of the Memorandum of Association. The company has added Clause no. III [A] (5) to enable comprehensive commodity trading operations.

Business Expansion:	Details
New Object Clause:	III [A] (5) - Commodity Trading
Business Scope:	Trading, buying, selling, importing, exporting commodities
Commodity Types:	Agricultural, non-agricultural, metals, bullion, minerals
Trading Methods:	Physical form and derivative contracts
Market Coverage:	Recognized and unrecognized markets, India and abroad

The new object specifically authorizes the company to carry on business of trading, buying, selling, importing, exporting, investing in, arbitraging, hedging and dealing in commodities including metals (precious and base), bullion, minerals, energy products, soft commodities, hard commodities and allied products through spot, forward, futures, options and other derivative contracts.

Voting Results Overview

The postal ballot results revealed overwhelming shareholder approval for the proposed amendment. The comprehensive voting data showcases broad-based support across all shareholder categories.

Voting Parameter:	Details
Total Votes Polled:	542062995
Votes in Favor:	542062245
Votes Against:	750
Approval Percentage:	99.9999%
Voting Turnout:	68.0236% of outstanding shares

Category-wise Participation

The voting process witnessed participation from all major shareholder categories, with promoters showing complete support for the resolution.

Promoter and Promoter Group

Shares Held: 495000000
Votes Polled: 495000000 (100% participation)
Support: 495000000 votes in favor (100%)
Opposition: 0 votes against

Public Institutions

Shares Held: 8105156
Votes Polled: 195132 (2.41% participation)
Support: 195132 votes in favor (100%)
Opposition: 0 votes against

Public Non-Institutions

Shares Held: 293769844
Votes Polled: 46867863 (15.95% participation)
Support: 46867113 votes in favor (99.9984%)
Opposition: 750 votes against (0.0016%)

Regulatory Compliance and Process

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. The disclosure has been made under Regulation 30 and Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Process Details:	Information
Record Date:	February 13, 2026
Total Shareholders:	80653
Scrutinizer:	Chintan K. Patel (Membership No. 31987)
Resolution Type:	Special Resolution
Voting Method:	Remote E-voting through CDSL
E-voting Members:	97 members voted in favor

Managing Director Shalin A. Shah has formally communicated the approval to BSE Limited and National Stock Exchange of India Limited, ensuring compliance with listing obligations. The successful approval reflects strong shareholder confidence in the company's strategic diversification into commodity trading operations.