Riddhi Siddhi Promoter OFS for MPS Compliance

Riddhi Siddhi Gluco Biols Limited discloses promoter's intention to sell 11.55% equity via OFS to achieve minimum public shareholding.
The OFS proposal follows a Securities Appellate Tribunal order modifying SEBI's earlier market restraint on the promoter.
Post-OFS, promoter holding will reduce to 75% and public shareholding will increase to 25% as required.
Company will make further regulatory disclosures upon final confirmation from the promoter for the OFS.