Riddhi Steel and Tube Ltd — Important, 01-01-2026: Company Update

Riddhi Steel and Tube's board has approved significant moves for shareholders. The company plans to increase its Authorized Share Capital from 8.50 Cr to 15.00 Cr. Additionally, a bonus issue in a 1:2 ratio was approved, meaning one new share for every two held. This will involve issuing 41,45,126 equity shares, valued at approximately 4.15 Cr, sourced from its securities premium and/or retained earnings. This expansion of capital and bonus issue aims to reward existing shareholders and increase liquidity, subject to shareholder approval. The pre-bonus paid-up capital of 8.29 Cr will become 12.44 Cr post-bonus.