News Corporate Actions Ritesh International Completes Preferential Allotment of 8.20 Lakh Equity Shares to PromotersRitesh International Completes Preferential Allotment of 8.20 Lakh Equity Shares to Promoters
Ritesh International Limited completed a preferential allotment of 8,20,000 equity shares to promoters Rijul Arora and Ritesh Arora at ₹46.23 per share on January 30, 2026. The allotment, which raised ₹3,79,08,600, was conducted following shareholder approval and BSE's in-principal consent. Post-allotment, the company's paid-up capital increased to ₹9,37,28,220 with total equity shares of 93,72,822, while both promoters saw their shareholding percentages increase to 19.52% and 19.32% respectively.
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Ritesh International Limited has completed a preferential allotment of 8,20,000 equity shares to its promoters, marking a significant capital raising exercise. The Board of Directors approved the allotment on January 30, 2026, following the necessary regulatory approvals and shareholder consent.
Allotment Details and Regulatory Compliance
The preferential allotment was conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018. The company had obtained shareholder approval through a Special Resolution passed at an Extra-ordinary General Meeting held on October 30, 2025. BSE Limited granted in-principal approval for the allotment on January 23, 2026.
| Parameter | Details |
|---|---|
| Total Shares Allotted | 8,20,000 equity shares |
| Issue Price | ₹46.23 per share |
| Total Amount Raised | ₹3,79,08,600 |
| Face Value | ₹10 per share |
| Subscription Status | 100% subscribed |
Promoter-wise Share Distribution
The equity shares were allocated equally between two promoters, with each receiving 4,10,000 shares. The allotment strengthens the promoter holding in the company while providing additional capital for business operations.
| Allottee | Category | Shares Allotted | Amount (₹) |
|---|---|---|---|
| Rijul Arora | Promoter | 4,10,000 | 1,89,54,300 |
| Ritesh Arora | Promoter Group | 4,10,000 | 1,89,54,300 |
| Total | 8,20,000 | 3,79,08,600 |
Impact on Shareholding Pattern
The preferential allotment has resulted in changes to the promoter shareholding pattern. Both promoters have increased their percentage holding in the company following the successful allotment.
| Promoter | Pre-Allotment Shares | Pre-Allotment % | Post-Allotment Shares | Post-Allotment % |
|---|---|---|---|---|
| Rijul Arora | 1,419,516 | 16.60% | 1,829,516 | 19.52% |
| Ritesh Arora | 1,400,965 | 16.38% | 1,810,965 | 19.32% |
Updated Capital Structure
Following the completion of the preferential allotment, Ritesh International Limited's capital structure has been updated. The company now has an expanded equity base, providing additional financial resources for its business operations.
| Capital Component | Details |
|---|---|
| Total Equity Shares | 93,72,822 shares |
| Face Value per Share | ₹10 |
| Paid-up Capital | ₹9,37,28,220 |
The successful completion of this preferential allotment demonstrates the company's ability to raise capital from its promoter base while maintaining regulatory compliance with SEBI listing requirements.
Historical Stock Returns for Ritesh International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.78% | +5.18% | +7.35% | +88.57% | +126.80% | +407.69% |
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