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.

Riddhi Steel & Tube Limited successfully conducted its Extra Ordinary General Meeting on 27th January, 2026, securing unanimous shareholder approval for key capital expansion initiatives. The meeting marked a significant milestone for the company's growth strategy with both proposed resolutions receiving complete stakeholder support.

Meeting Overview and Participation

The EGM was held at the company's registered office located at 83/84, Village - Kamod, Piplaj Pirana Road, Post - Aslali, Ahmedabad 382427, from 11:00 AM to 11:30 AM. The meeting witnessed participation from 14 shareholders, including 5 from the promoter and promoter group category and 9 from the public category.

Resolutions Approved

Shareholders considered and approved two ordinary resolutions during the meeting. Both resolutions received overwhelming support with 100% votes cast in favour.

Resolution 1: Increase in Authorised Share Capital

The first resolution to approve the increase of authorised share capital was unanimously supported by all voting shareholders.

Resolution 2: Issuance of Bonus Equity Shares

The second resolution regarding the issuance of bonus equity shares also received unanimous approval with identical voting patterns.

Scrutinizer's Report

Gaurang Radheshyam Shah of G R Shah & Associates served as the appointed scrutinizer for the meeting. The scrutinizer was appointed by the Board on 1st January, 2026, and submitted his report on 27th January, 2026. The scrutinizer confirmed that no invalid votes were found during the examination process.

Regulatory Compliance

The company has fulfilled all regulatory requirements under Regulation 44 of the SEBI Listing Regulations and Section 109 of the Companies Act, 2013. The voting results and scrutinizer's report have been made available on the company's website at www.riddhitubes.com and will be uploaded on the BSE website. The meeting was conducted in accordance with the Companies Act, 2013, and all procedural requirements were duly followed.

The unanimous approval of both resolutions demonstrates strong shareholder confidence in the company's strategic direction and capital expansion plans. With 77.32% of outstanding shares participating in the voting process, the resolutions received substantial stakeholder endorsement for the proposed corporate actions.