Rathi Steel & Power will conduct a virtual group meeting with investors and analysts on Monday, September 28, 2026. The session is scheduled from 2:00 pm to 3:00 pm IST and is organized by Arihant Capital.

The company informed BSE Limited that the interaction complies with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. Discussions will rely solely on generally available information and will not involve any unpublished price sensitive information.

Meeting Details

Disclosure Compliance

Pursuant to Regulation 46(2) of the Listing Regulations, the details of this interaction will be disclosed on the company's website under the Investors section. The company noted that the schedule remains subject to change due to potential exigencies involving the company, analysts, or investors.

Namita Lal Madan, Company Secretary and Compliance Officer, signed the intimation dated September 22, 2026.

Rathi Steel & Power received a request on September 19, 2026, from DBG Leasing and Housing Limited to reclassify its shareholding from the "Promoter and Promoter Group" category to the "Public" category. The move follows DBG’s corporate insolvency resolution process.

Reclassification Request Details

DBG Leasing and Housing Limited holds 38,32,472 equity shares in the company, representing 4.44% of the paid-up equity share capital. Sukesh Thirani, Additional Director and member of the new management at DBG, submitted the request citing the completion of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016.

The Hon'ble National Company Law Tribunal (NCLT), New Delhi Bench-V, approved the Resolution Plan submitted by Lenzing Polypacks Limited and Gappu Ispat on June 13, 2025. This approval transferred control of DBG to new management, removing erstwhile promoters from control.

Regulatory Compliance

The request is made pursuant to Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. DBG confirmed it does not exercise control over Rathi Steel & Power, nor does it have representation on the Board of Directors or key managerial personnel.

Key undertakings provided by DBG include:

• Holding less than ten percent of total voting rights in the company
• No special rights through formal or informal arrangements
• No representatives on the board of directors
• Not acting as a key managerial person
• Not classified as a wilful defaulter or fugitive economic offender

What the Numbers Show

The reclassification request highlights a structural shift in the company's promoter group composition. With DBG holding 4.44% of the equity capital, its move to the public category will alter the consolidated promoter holding percentage. The request ensures compliance with SEBI listing norms regarding promoter group definitions post-insolvency resolution.

Rathi Steel & Power will place the request before its Board of Directors for requisite approvals. The company will subsequently apply for the necessary regulatory clearances to effect the reclassification.