Ritesh International Limited has announced the payment of Rs. 32,00,000 as an advance tax installment through a regulatory filing to BSE Limited. The disclosure was made on March 13, 2026, as part of the company's compliance with stock exchange requirements.

Tax Payment Details

The company has provided specific information about the advance tax payment in its filing to the exchange.

Regulatory Compliance

The announcement was made under the company's general disclosure obligations, ensuring transparency with stakeholders and regulatory authorities. The filing was digitally signed by Rijul Arora, Wholetime Director of the company, with DIN 07477956.

Corporate Governance

This disclosure demonstrates the company's commitment to maintaining proper corporate governance standards and keeping investors informed about significant financial transactions. Such advance tax payments are routine corporate activities that companies undertake as part of their tax compliance obligations.

The formal communication was addressed to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, following standard regulatory filing procedures for listed companies.

Ritesh International Limited has filed a comprehensive disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, following the acquisition of 8,20,000 equity shares by its promoters through preferential allotment. The regulatory filing was submitted to BSE Limited on February 2, 2026, detailing the substantial acquisition that increased the promoter group's collective holding from 43.05% to 48.03%.

SEBI SAST Regulatory Filing Details

The disclosure was filed in accordance with SEBI's substantial acquisition regulations, as the transaction resulted in a 4.98% increase in promoter shareholding. The acquisition was completed through preferential allotment on January 30, 2026, with the shares distributed equally between two promoters.

Promoter-wise Share Allocation

The shares were allocated equally between the two promoters, with each acquiring 4,10,000 shares through the preferential issue. The promoter group includes PAC member Roopica Arora along with the two acquiring promoters.

Shareholding Pattern Changes

The SEBI disclosure reveals significant changes in the promoter group's shareholding pattern following the preferential allotment. The combined holding of promoters and persons acting in concert has increased substantially, crossing the 48% threshold.

Updated Capital Structure

Following the completion of the preferential allotment, the company's equity share capital has been expanded significantly. The total paid-up capital now stands at ₹9,37,28,220, representing 93,72,822 equity shares of ₹10 face value each.

The regulatory filing demonstrates the company's compliance with SEBI's transparency requirements for substantial acquisitions, providing stakeholders with detailed information about the ownership structure changes resulting from the preferential allotment. The disclosure includes signatures from both acquiring promoters and confirms the transaction's completion within the regulatory framework.