News Corporate Actions Ritesh International Files SEBI SAST Disclosure for Promoters' Share AcquisitionRitesh International Files SEBI SAST Disclosure for Promoters' Share Acquisition
Ritesh International Limited submitted a detailed SEBI SAST disclosure following the preferential allotment of 8,20,000 equity shares to promoters Ritesh Arora and Rijul Arora. The acquisition increased the promoter group's collective shareholding from 43.05% to 48.03%, while expanding the company's total equity capital from 85,52,822 to 93,72,822 shares and paid-up capital to ₹9,37,28,220.
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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.
| Parameter: | Details |
|---|---|
| Total Shares Acquired: | 8,20,000 equity shares |
| Acquisition Percentage: | 4.98% |
| Mode of Acquisition: | Preferential Allotment |
| Allotment Date: | January 30, 2026 |
| Filing Date: | February 2, 2026 |
| Stock Exchange: | BSE Limited |
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.
| Acquirer: | Category | Shares Acquired | Individual Holding |
|---|---|---|---|
| Ritesh Arora: | Promoter | 4,10,000 | 2.49% |
| Rijul Arora: | Promoter | 4,10,000 | 2.49% |
| Total Acquisition: | 8,20,000 | 4.98% |
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.
| Holding Period: | Shares Held | Percentage | Total Equity Capital |
|---|---|---|---|
| Before Acquisition: | 36,81,947 | 43.05% | 85,52,822 shares |
| After Acquisition: | 45,01,947 | 48.03% | 93,72,822 shares |
| Net Increase: | 8,20,000 | 4.98% | 8,20,000 shares |
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.
| Capital Component: | Pre-Allotment | Post-Allotment |
|---|---|---|
| Total Equity Shares: | 85,52,822 | 93,72,822 |
| Paid-up Capital: | ₹8,55,28,220 | ₹9,37,28,220 |
| Promoter Group Holding: | 43.05% | 48.03% |
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.
Historical Stock Returns for Ritesh International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.04% | +3.98% | -8.76% | +132.55% | +119.44% | +256.20% |
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