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.

Riddhi Steel & Tube has officially scheduled an Extraordinary General Meeting (EGM) for January 27, 2026, to seek shareholder approval for its proposed 1:2 bonus issue and authorized capital increase. The company has issued a formal notice dated January 1, 2026, outlining the complete procedural framework for the capital structure modifications.

EGM Details and Voting Procedures

The EGM will be conducted at the company's registered office located at 83/84, Village - Kamod, Piplaj Pirana Road, Post - Aslali, Ahmedabad 382427, commencing at 11:00 AM. The company has appointed Mr. Gaurang R Shah (CPN. 14446), Practicing Company Secretary, as the scrutinizer for conducting the voting process.

Authorized Capital Enhancement

The first agenda item involves increasing the authorized capital from ₹8.50 crores to ₹15.00 crores, representing a 76.47% expansion. This increase is essential to accommodate the proposed bonus issue and future capital requirements.

Bonus Issue Implementation

The company proposes to issue 41,45,126 bonus shares in the ratio of 1:2, requiring capitalization of ₹4.15 crores from securities premium and retained earnings. The bonus shares will be allotted only in dematerialized form as per SEBI regulations.

Financial Resources and Compliance

The company maintains adequate reserves to support the bonus issue implementation. The financial position demonstrates sufficient resources for the proposed capitalization without impacting operational liquidity.

Regulatory Framework and Timeline

The EGM notice complies with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and relevant SEBI circulars. The company expects to complete the bonus share crediting process within two months of board approval, subject to shareholder consent and regulatory clearances. All bonus shares will be listed on BSE where the company's equity shares are currently traded.