Rajputana Stainless Limited has acquired two apartments in Mumbai for ₹2.60 crore to serve as its corporate office. The company executed and registered the sale deeds on September 22, 2026, marking a strategic expansion of its physical footprint in the financial capital.

The properties, Apartment No. 701 and Apartment No. 702, are located on the 7th floor of the Sach Vintage building in Khetwadi First Lane, Mumbai. The acquisition was made from M/s. Sach Realty. The total consideration of ₹2.60 crore is exclusive of applicable stamp duty, registration charges, and other incidental expenses.

Transaction details

The deal involves the purchase of two distinct units with specific carpet areas and price points. The company disclosed that the transaction does not involve any related party dealings, as the seller is not connected to the promoter group or group companies.

Regulatory compliance and disclosures

The intimation was filed under Regulation 30(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that possession will be delivered as per the terms of the sale deed, and the consideration has been paid in full. There are no share issuances or loan agreements associated with this property acquisition.

What the numbers show

The acquisition reflects a modest capital outlay for Rajputana Stainless, representing a direct investment in infrastructure rather than operational assets. With a total cost of ₹2.60 crore for approximately 1,052 sq ft of combined office space, the implied rate is roughly ₹24,714 per sq ft. This expenditure signals a commitment to establishing a permanent presence in Mumbai, potentially to enhance client engagement or operational oversight in the western region.

Rajputana Stainless promoter and CEO Yashkumar Shankarlal Mehta acquired 30,000 equity shares of the company through open-market purchases on September 9 and 10, 2026.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Transaction Details

Mehta purchased the shares in two tranches: 5,000 shares on September 9, representing 0.006% of the paid-up capital, and 25,000 shares on September 10, representing 0.03% of the paid-up capital. Each share has a face value of ₹10.

Promoter Group Holding

Prior to these transactions, Mehta held 50,000 shares (0.06%). His Persons Acting in Concert (PAC), including Shankarlal Deepchand Mehta, held 3,14,96,748 shares (37.69%). The combined pre-acquisition holding of the acquirer and PAC stood at 3,15,46,748 shares, or 37.75% of the total voting capital.

Following the purchase, the total holding of the acquirer along with PAC increased to 3,15,76,748 shares, representing 37.79% of the company's equity share capital. The total diluted share/voting capital remains unchanged at 8,35,67,658 equity shares.

What the Numbers Show

The acquisition adds a marginal 0.04% to the promoter group's overall stake. With no encumbrances or pledges reported for the PAC holdings, the move reflects a direct increase in unencumbered promoter ownership without altering the broader capital structure.