Riddhi Steel & Tube Limited has received a disclosure from its promoter regarding the acquisition of additional equity shares under regulatory requirements. The transaction represents a modest increase in the promoter's individual stake in the steel company.

Share Acquisition Details

Rajesh Kumar Ramkumar Mittal, a promoter of Riddhi Steel & Tube Limited, purchased 12,000 equity shares on December 18, 2025. The acquisition was made through open market transactions and disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Pattern Changes

The acquisition resulted in changes to the promoter's individual shareholding in the company. Mittal's stake increased marginally following the transaction.

Promoter Group Structure

The disclosure also revealed the complete promoter group structure, including persons acting in concert (PAC) with the acquirer:

• Rajesh Kumar Ramkumar Mittal (Acquirer)
• Rajesh R Mittal HUF (PAC)
• Preeti Rajesh Mittal (PAC)
• Rajat Rajesh Mittal (PAC)
• Riddhi Rajesh Mittal (PAC)

The combined promoter group holding of 61,61,132 shares represents 74.32% of the company's total share capital of 82,90,252 equity shares of ₹10.00 each.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisition of shares. The company's shares are listed on BSE Limited, and the acquisition falls within the regulatory framework for promoter transactions. The disclosure ensures transparency in shareholding changes and maintains compliance with listing requirements.

Riddhi Steel & Tube Limited , a manufacturer of iron and steel products, has announced its financial results for the half year ended September 30, 2025, showcasing significant growth in profitability despite a slight dip in revenue.

Financial Highlights

The company reported a robust 80.78% year-on-year increase in net profit, rising to Rs. 608.39 lakhs for the half year ended September 30, 2025, compared to Rs. 336.54 lakhs in the corresponding period of the previous year. This substantial growth in profitability comes alongside a 59.64% increase in revenue from operations, which stood at Rs. 24,679.87 lakhs, up from Rs. 15,459.31 lakhs in H1 FY2025.

Operational Performance

The significant improvement in profitability can be attributed to better operational efficiency and cost management. The company's total expenses increased at a slower rate than revenue, growing by 57.37% year-on-year to Rs. 23,889.85 lakhs.

Balance Sheet Strength

As of September 30, 2025, Riddhi Steel & Tube Limited's balance sheet showed total assets of Rs. 21,539.21 lakhs, reflecting a growth from Rs. 20,091.62 lakhs as of March 31, 2025. The company's net worth improved to Rs. 6,818.24 lakhs, with reserves and surplus increasing to Rs. 5,989.21 lakhs from Rs. 5,380.82 lakhs at the end of the previous fiscal year.

Liquidity Position

The company maintained a strong liquidity position with cash and cash equivalents increasing to Rs. 907.15 lakhs as of September 30, 2025, compared to Rs. 805.21 lakhs at the end of the previous fiscal year. This represents a 12.66% improvement in liquid assets, potentially providing the company with more flexibility for future investments or operational needs.

Market Outlook

Operating in the iron and steel products sector, Riddhi Steel & Tube Limited's performance may be indicative of broader trends in the industry. The significant growth in revenue suggests a strong demand for the company's products, which could be reflective of increased construction and infrastructure activities in the regions it serves.

Conclusion

Riddhi Steel & Tube Limited's financial results for H1 FY2026 demonstrate a company on a strong growth trajectory, with significant improvements in both top-line and bottom-line performance. The substantial increase in profitability, coupled with a strengthened balance sheet and improved liquidity position, positions the company well for future opportunities in the iron and steel products sector.