Vital Connections LLP, a promoter group shareholder of Riddhi Siddhi Gluco Biols Ltd, will offer 8,23,422 equity shares representing 11.55% of the total paid-up equity share capital on June 22, 2026. The Offer for Sale (OFS) aims to achieve Minimum Public Shareholding (MPS) compliance of 25% as directed by the Securities and Exchange Board of India (SEBI) and the Securities Appellate Tribunal (SAT). The floor price for the offer has been set at ₹730 per equity share.

The OFS will be conducted through a separate window on BSE Limited. Non-retail investors can bid on June 22, 2026 (T Day), while retail investors and non-retail investors carrying forward unallotted bids can participate on June 23, 2026 (T+1 Day). Kotak Securities Limited has been appointed as the seller's broker for the transaction. The offer follows a SAT order dated March 9, 2026, which modified the restraint period on the promoter to six months post-compliance.

The allocation methodology reserves a minimum of 10% of the offer shares for retail investors and 25% for mutual funds and insurance companies. Bidders must deposit 100% of the bid value upfront for non-institutional investors in the non-retail category, while institutional investors have the option to bid without upfront payment. The seller reserves the right to withdraw or cancel the offer if sufficient demand is not received at or above the floor price.

The offer details are summarized below:

The offer is subject to the SEBI OFS Circular and the operational guidelines issued by BSE. Upon completion, the public shareholding is projected to increase to the mandated 25% threshold, with promoters holding the remaining 75%. The company will disclose the outcome to the stock exchanges following the offer.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE249D01019/d28d4d25-af76-4b6b-b66d-8d91b6a22c8f.pdf

Riddhi Siddhi Gluco Biols Limited has called for a postal ballot to seek shareholder approval for shifting its registered office from the state of Gujarat to the state of Haryana. The company also seeks consent to alter the main object clause of its Memorandum of Association to include new business activities related to corn milling and agro-processing. These proposals require the approval of the Central Government through the Regional Director - North Western Region, Ministry of Corporate Affairs, and other relevant authorities.

The Board of Directors approved the proposal to shift the registered office to facilitate closer operational integration with Bluecraft Agro Private Limited, the group's principal operating company, which has its largest manufacturing facility in Haryana. The company recently acquired a corn milling plant with an annual capacity of 3 lakhs MT from Cargill India Private Limited in Davangere District of Karnataka. To accommodate this diversification, the company plans to expand its product portfolio to include Starches, Dextrose Monohydrate powder, and Dextrose Anhydrous powder, necessitating the alteration of the main object clause.

Mr. Kinjal Shah, Practicing Company Secretary, has been appointed as the Scrutinizer to conduct the postal ballot process through remote e-voting. The company has engaged the National Securities Depository Limited (NSDL) to facilitate the electronic voting facility. The cut-off date for determining shareholder eligibility to vote is Friday, May 29, 2026.

The remote e-voting period is scheduled to begin at 9.00 A.M. IST on Thursday, June 4, 2026, and will end at 5.00 P.M. IST on Friday, July 3, 2026. Members holding shares in either demat or physical form are requested to cast their votes during this window. The results of the postal ballot will be declared within two working days of the conclusion of the e-voting period and will be communicated to BSE Limited.

The explanatory statement notes that none of the Directors or Key Managerial Personnel of the company are interested, financially or otherwise, in the proposed resolutions. The altered Memorandum of Association will be available for inspection at the registered office of the company until the last date of remote e-voting.