Rajasthan Tube Manufacturing promoter Saurabh Jain has disposed of his entire equity stake in the company through an off-market transaction executed on August 24, 2026.

The sale involved 10,88,220 equity shares, representing 2.41% of the total voting capital. Following this disposal, Jain’s holding in the company stands at zero.

Transaction Details

The disclosure was filed with BSE Limited on August 26, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was conducted via an off-market sale mechanism.

What the Numbers Show

The complete exit of a promoter from a listed entity is a significant corporate action. Prior to this transaction, Jain held no encumbered shares or other instruments such as warrants or convertible securities. The total equity share capital of Rajasthan Tube Manufacturing remained unchanged at 4,50,78,000 shares following the transfer.

Rajasthan Tube Manufacturing promoter Harish Chand Jain has disposed of his entire equity stake in the company. The off-market sale of 1,32,900 shares was executed on August 26, 2026. This transaction reduces his holding from 0.29% to 0% of the total voting capital.

Transaction Details

The disposal was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to the BSE Limited on August 27, 2026.

Jain held no encumbered shares, warrants, or convertible securities prior to the sale. The total equity share capital of Rajasthan Tube Manufacturing remains unchanged at 4,50,78,000 shares following the transaction.

What the Numbers Show

The complete exit of a promoter group member, albeit a small one, signals a reduction in insider ownership concentration. With Jain’s holding dropping to zero, the remaining promoter group’s control over the 4,50,78,000 share capital base is now solely represented by other entities within the group, assuming no other changes occurred simultaneously.