Riddhi Steel and Tube Limited announced a change in its Key Managerial Personnel at a Board of Directors meeting held on Thursday, May 7, 2026. The Board acknowledged the resignation of Mr. Gaurav Ramesh Khandelwal from the role of Company Secretary and Compliance Officer, and simultaneously approved the appointment of a successor. The disclosures were made in compliance with Regulation 30 read with Schedule III Part A (7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Resignation of Company Secretary

Mr. Gaurav Ramesh Khandelwal (Membership No. A65926) tendered his resignation from the position of Company Secretary and Compliance Officer of Riddhi Steel and Tube Limited, citing personal commitments and other assignments. His cessation was effective at the end of business hours on May 6, 2026. In his resignation letter addressed to the Board of Directors, Mr. Khandelwal expressed gratitude to the Board and management for their support during his tenure and requested the necessary intimations be submitted to the Bombay Stock Exchange and the Registrar of Companies, Ahmedabad.

The key details of the resignation are summarised below:

Appointment of New Company Secretary

On the recommendation of the Nomination and Remuneration Committee, the Board of Directors approved the appointment of Ms. Deepika Vinitkumar Agrawal (ACS: 46516) as the Company Secretary and Compliance Officer of Riddhi Steel and Tube Limited with effect from May 7, 2026. Her terms of appointment are as recommended by the Nomination and Remuneration Committee and approved by the Board of Directors.

The key details of the appointment are as follows:

Profile of the Appointee

Ms. Deepika Vinitkumar Agrawal is an Associate Member of the Institute of Company Secretaries of India. She brings with her a sound understanding of secretarial compliances, corporate governance, and business management, and has been deemed qualified to serve as the Company Secretary and Compliance Officer of the Company.

Board Meeting Details

The Board meeting was convened on Thursday, May 7, 2026, commencing at 05:45 P.M. and concluding at around 06:30 P.M. The intimation was signed by Rajeshkumar Ramkumar Mittal, Managing Director (DIN: 00878934), on behalf of Riddhi Steel and Tube Limited.

Riddhi steel & tube promoter Rajeshkumar Ramkumar Mittal has disclosed the acquisition of 11,750 equity shares in an open market transaction completed on March 30, 2026. The disclosure was submitted to BSE Limited on March 31, 2026, in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Latest Transaction Details

This represents the second acquisition by the promoter within a week, following his previous purchase of 15,750 shares on March 27, 2026. The latest acquisition further strengthens the promoter's individual shareholding in the company.

Updated Shareholding Structure

The promoter group's consolidated position continues to show strong presence in the company's ownership structure. The persons acting in concert (PAC) holdings remained unchanged during this latest transaction.

Regulatory Compliance

The disclosure fulfills mandatory requirements under SEBI regulations for substantial acquisition reporting. The promoter has provided comprehensive details including pre and post-acquisition holdings, transaction mode, and relevant dates as required by regulatory frameworks. The formal disclosure letter was addressed to BSE Limited's Listing Department from the promoter's Ahmedabad address.

Company Capital Structure

Riddhi Steel and Tube Limited maintains a stable equity share capital structure. The company's total voting capital remained unchanged following this transaction, indicating no dilution of existing shareholdings.

The consecutive acquisitions demonstrate sustained promoter participation in the company's equity, with both transactions completed through transparent open market mechanisms. The cumulative increase in shareholding reflects continued alignment with the company's long-term value creation objectives.