Rajputana Stainless Limited promoter group increased its combined equity holding to 37.98% of the total voting capital. This follows the acquisition of 1,70,576 equity shares on the open market between September 28 and September 29, 2026.

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved multiple members of the promoter group and persons acting in concert (PAC) purchasing shares at a face value of ₹10 each. The total paid-up capital remains unchanged at 8,35,67,658 equity shares.

Breakdown of acquisitions by family members

The updated disclosure details specific purchases by individual members of the promoter group and PAC. Yashkumar Shankarlal Mehta, the CEO and promoter, acquired 84,576 shares. Surekha Mehta acquired 30,000 shares (14,000 on Sep 28 and 16,000 on Sep 29). Mahima Dixit Bokadia acquired a total of 31,000 shares, comprising 18,000 shares on September 28 and 13,000 shares on September 29. Additionally, Nihali Yash Sanghvi acquired 25,000 shares on September 29, 2026.

Post-acquisition shareholding pattern

Following these open market purchases, the combined holding of the acquirer and persons acting in concert (PAC) has risen to 37.98% 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.