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

Riddhi Steel and Tube's Board of Directors has approved an increase in its Authorised Share Capital from Rs. 8.50 Cr to Rs. 15.00 Cr. The Board also approved a bonus issue in a 1:2 ratio, meaning one new share for every two existing shares. This bonus issue will utilize Rs. 4.15 Cr from the company's securities premium and/or retained earnings, which had available balances of Rs. 7.90 Cr and Rs. 45.91 Cr respectively as of March 31, 2025. This move will increase the paid-up share capital from Rs. 8.29 Cr to Rs. 12.44 Cr. These proposals, along with the appointment of a scrutinizer, will require shareholder approval.