Riddhi Steel & Tube has disclosed significant amendments to its memorandum and articles of association under Regulation 30 of SEBI listing regulations. The company has proposed substantial changes to its capital structure, including an increase in authorized capital and a bonus share issue for existing shareholders.

Authorized Capital Enhancement

The company plans to significantly expand its authorized capital structure. The proposed amendment will increase the authorized capital from the current ₹8.50 crores to ₹15.00 crores, representing a 76.47% increase in the capital ceiling.

Bonus Issue Details

Riddhi Steel & Tube has announced a 1:2 bonus issue, offering shareholders one new fully paid-up equity share for every two existing shares held. The bonus shares will carry a face value of ₹10.00 each, maintaining consistency with the current share structure.

Share Capital Structure

The bonus issue will significantly impact the company's paid-up share capital. Based on the current shareholding pattern, the paid-up capital will increase substantially following the implementation.

Financial Resources and Timeline

The company has adequate reserves to support the bonus issue implementation. The audited financial position shows sufficient resources for the proposed capitalization.

The company expects to complete the bonus share crediting process within two months of board approval, with an estimated completion date on or before March 1, 2026. The actual implementation will depend on shareholder approval and the determination of the record date for eligible shareholders.

Regulatory Compliance

The disclosure has been made in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and relevant SEBI circulars dated November 11, 2024, and December 31, 2024. The proposed amendments require shareholder approval before implementation, following standard corporate governance procedures for capital structure modifications.

Riddhi Steel & Tube Limited has received a substantial acquisition disclosure from its promoter Riddhi Rajesh Mittal regarding the purchase of additional equity shares. The transaction, completed on December 22, 2025, involves the acquisition of 6,000 equity shares through open market purchase.

Acquisition Details

The share acquisition represents a modest increase in the promoter's individual stake in the company. The following table summarizes the key transaction parameters:

Shareholding Pattern Changes

The acquisition has resulted in changes to both individual and collective promoter group holdings. Riddhi Rajesh Mittal's individual shareholding increased from 3,41,238 shares to 3,47,238 shares.

Promoter Group Structure

The disclosure identifies the complete promoter group structure, including persons acting in concert (PAC). The promoter group consists of five entities, all maintaining their promoter status. The combined promoter group holding of 58,19,894 shares (70.20%) remained unchanged, as this acquisition was made by the individual promoter rather than the collective group entities.

Company Capital Structure

Riddhi Steel and Tube Limited maintains a stable equity share capital structure. The company's total equity share capital stands at ₹8,29,02,520, comprising 82,90,252 equity shares of ₹10 each. The total diluted share capital remains unchanged at the same level, indicating no outstanding convertible securities or warrants.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal communication was submitted to BSE Limited on December 23, 2025, one day after the transaction completion. The company is listed on BSE with CIN L27106GJ2001PLC039978 and maintains its registered office in Ahmedabad, Gujarat.