Riddhi Steel Promoter Rajeshkumar Mittal Acquires 4,500 Equity Shares

Riddhi steel & tube promoter Rajeshkumar Ramkumar Mittal has disclosed the acquisition of 4,500 equity shares in an open market transaction completed on March 24, 2026. The disclosure was submitted to BSE Limited on March 26, 2026, in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The acquisition represents a modest increase in the promoter's individual shareholding in the company. The shares were purchased through open market operations, demonstrating continued confidence in the company's prospects.

Parameter: Before Acquisition After Acquisition Change Individual Shares: 10,87,275 10,91,775 +4,500 Individual Holding %: 8.74% 8.78% +0.04% With PAC Shares: 81,63,423 81,63,423 - Total Group Holding %: 74.39% 74.43% +0.04%

Shareholding Structure

The promoter group's consolidated position shows a strong presence in the company's ownership structure. While Rajeshkumar Mittal's individual holding increased marginally, the persons acting in concert (PAC) holdings remained unchanged during this transaction.

Holding Category: Number of Shares Percentage Promoter Individual: 10,91,775 8.78% Together with PAC: 81,63,423 65.65% Total Group: 92,55,198 74.43%

Persons Acting in Concert

The disclosure identifies key family members and entities acting in concert with the acquirer, maintaining transparency in promoter group structure.

Entity Name: Category PAN Number Rajeshkumar Ramkumar Mittal: Promoter (Acquirer) AEZPM6235J Rajesh R Mittal HUF: Promoter (PAC) AAEHR4587H Preeti Rajesh Mittal: Promoter (PAC) ACFPM3358Q Rajat Rajesh Mittal: Promoter (PAC) BIUPM5714L Riddhi Rajesh Mittal: Promoter (PAC) CZMPM4142E

Company Capital Structure

Riddhi Steel and Tube Limited maintains a stable equity share capital structure. The company's total voting capital remained unchanged following this transaction, indicating no dilution of existing shareholdings.

Key Capital Details:

Total equity share capital: ₹12,43,53,780

Number of equity shares: 1,24,35,378

Face value per share: ₹10

Listing: BSE Limited

Regulatory Compliance

The disclosure fulfills mandatory requirements under SEBI regulations for substantial acquisition reporting. The promoter has provided comprehensive details including pre and post-acquisition holdings, transaction mode, and relevant dates as required by regulatory frameworks.

The transaction demonstrates ongoing promoter participation in the company's equity, with the acquisition completed through transparent open market mechanisms. The marginal increase in shareholding reflects continued alignment with the company's long-term value creation objectives.

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.

Meeting Details: Information Date: 27th January, 2026 Duration: 11:00 AM to 11:30 AM Type: Extra Ordinary General Meeting Record Date: 23rd January, 2026 Total Shareholders on Record: 94 Shareholders Present: 14

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.

Voting Category: Shares Held Votes Polled Votes in Favour Votes Against Approval Rate Promoter Group: 61,67,132 61,67,132 61,67,132 0 100% Public Institutions: 1,14,000 0 0 0 - Public Non-Institutions: 20,09,120 2,43,000 2,43,000 0 100% Total: 82,90,252 64,10,132 64,10,132 0 100%

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.

Voting Outcome: Details Total Votes Polled: 64,10,132 Votes in Favour: 64,10,132 Votes Against: 0 Polling Percentage: 77.32% Resolution Status: Passed

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.

Scrutinizer Details: Information Name: Gaurang Radheshyam Shah Firm: G R Shah & Associates Qualification: Company Secretary Membership Number: 12870 Invalid Votes Found: NIL

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.

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