Riddhi Siddhi Gluco Biols achieves 25% public shareholding

Vital Connections LLP, a promoter group shareholder of Riddhi Siddhi Gluco Biols Ltd, successfully sold 8,23,422 equity shares to achieve Minimum Public Shareholding (MPS) compliance of 25%. The Offer for Sale (OFS), conducted through a separate window on BSE Limited, opened on June 22, 2026, and closed on June 23, 2026. This transaction reduces the aggregate shareholding of the Promoter and Promoter Group from 86.55% to 75% of the paid-up equity share capital, while public shareholding increased to the mandated 25% threshold.

The sale was executed in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/P/CIR/2023/18 dated February 3, 2023, read with SEBI Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2023/10 dated January 10, 2023. The initiative follows directives from the Securities and Exchange Board of India (SEBI) and the Securities Appellate Tribunal (SAT) to comply with Rule 19(2)(b) and 19A of the Securities Contracts (Regulation) Rules, 1957, read with Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The shares sold represent 11.55% of the total issued and paid-up equity share capital of the company. Kotak Securities Limited acted as the seller's broker for the transaction. The offer was part of a broader effort to adhere to regulatory requirements regarding minimum public shareholding norms.

Transaction Details

Particulars	Details
Seller	Vital Connections LLP
Shares Sold	8,23,422 Equity Shares (11.55%)
Offer Open	June 22, 2026
Offer Close	June 23, 2026
Post-OFS Promoter Holding	75%
Post-OFS Public Holding	25%

Riddhi Siddhi Gluco Biols Ltd has formally intimated BSE Limited regarding the completion of this offer and the subsequent change in shareholding pattern. The company confirmed that the MPS requirements have been fully met following the closure of the offer window.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.68%	-0.26%	-11.67%	+39.08%	+21.30%	+101.81%

Riddhi Siddhi Gluco Biols Ltd has accepted the resignation of Pratik Mahendra Shah as Independent Director, effective June 22, 2026. The resignation was submitted due to increased commitments arising from the growth of his own business, which requires greater time, attention, and focus. This change impacts the company's board composition as it continues its operations.

The company disclosed the information in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was also made in accordance with Para 7 and 7B of Schedule III Part A of the regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026.

Resignation Details

Pratik Mahendra Shah confirmed that there are no other material reasons for his resignation beyond the stated business commitments. He expressed gratitude to the Board of Directors for the support and cooperation during his tenure. The resignation was formally accepted by the company on June 22, 2026.

The following table summarizes the key details of the cessation:

Sr. No.	Particulars	Information
1	Reason for change	Resignation of Mr. Pratik Mahendra Shah (DIN: 01738382) Independent Director of the Company w.e.f., 22 June, 2026.
2	Date of cessation	Cessation w.e.f., 22 June, 2026.
6	Directorships in listed entities	NIL
7	Confirmation on material reasons	Mr. Pratik Mahendra Shah has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.

Regulatory Compliance

The filing included the letter of resignation and the necessary disclosures as required by the Listing Regulations. The company confirmed that all procedural requirements have been met regarding the intimation to the stock exchanges. The resignation has been recorded in the company's official registers.