Rajputana Stainless Limited promoter and CEO Yashkumar Shankarlal Mehta acquired 84,576 equity shares on the open market between September 28 and September 29, 2026. This purchase increases his direct stake in the company by 0.10%.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares were purchased at a face value of ₹10 each. The transaction involved buying 56,576 shares on September 28, 2026, and an additional 28,000 shares on September 29, 2026.

Post-acquisition shareholding pattern

Following this open market purchase, the combined holding of the acquirer and persons acting in concert (PAC) has risen to 37.88% of the total voting capital. The PAC includes family members such as Shankarlal Deepchand Mehta, Devyani Yash Mehta, Nihali Yash Sanghvi, Mahima Dixit Bokadia, and Surekha Mehta.

The total number of equity shares in the company's paid-up capital remains unchanged at 8,35,67,658 shares, with an equity share capital of ₹83,56,76,580. There were no changes in encumbered shares or voting rights held otherwise than by shares during this period.

Rajputana Stainless Limited has submitted the voting results and scrutinizer report for its 35th Annual General Meeting held on September 23, 2026. All six ordinary resolutions proposed by the Board were passed with the requisite majority, confirming the declaration of a final dividend of ₹0.50 per equity share for FY26.

The filing, made to BSE and NSE on September 25, 2026, details the electronic voting outcomes. The meeting was conducted via video conference, presided over by Chairman and Managing Director Shankarlal Deepchand Mehta. This marks the company's first AGM following its listing on March 19, 2026.

Voting participation and turnout

The record date for determining eligible shareholders was September 16, 2026, with 7,590 shareholders on record. Voting was conducted through remote e-voting from September 20 to September 22, 2026, and live e-voting during the AGM.

Promoter and promoter group members, holding 4,77,39,756 shares, cast votes representing 4,70,53,114 shares, accounting for 98.56% of their holdings. Public shareholders participated significantly lower, with institutional holders voting 2,11,591 shares and non-institutional public shareholders casting 62,76,938 votes.

Resolution-wise voting outcome

All six resolutions received overwhelming support. The only dissent recorded was 1 vote against across all items, primarily from the public non-institutional category. The promoters voted unanimously in favour of all agenda items.

Key resolutions passed

Shareholders adopted the audited financial statements for FY26 along with the Directors' and Auditors' Reports. The Statutory Auditors' Report contained no qualifications or observations. The following ordinary resolutions were formally ratified:

• Adoption of audited financial statements for FY26.
• Declaration of final dividend of ₹0.50 per equity share.
• Re-appointment of Babulal Deepchand Mehta as director retiring by rotation.
• Re-appointment of Ruparel & Bavadiya, Chartered Accountants, Vadodara, as statutory auditors for five years.
• Ratification of remuneration for cost auditor Y S Thakar & Co., Cost Accountants, Vadodara, for FY27.
• Appointment of Kavita Khatri & Associates, Company Secretaries, as secretarial auditor for five years.

Proceedings and scrutiny

Kavita Khatri & Associates served as the scrutinizer for the e-voting process. The votes were unblocked on September 23, 2026, at 4:34 pm in the presence of two witnesses. CEO Yashkumar Shankarlal Mehta addressed members on business prospects and performance. Queries from shareholders were addressed by the CEO, CFO, and accounts team during the session and via email.