Riddhi Siddhi Gluco Biols Limited has intimated the sale of equity shares by Vital Connections LLP, a shareholder belonging to the Promoter Group of the company. The transaction involved the sale of 8,23,422 equity shares with a face value of ₹10 each, representing 11.55% of the total issued and paid-up equity share capital of the company.
The sale was conducted through an Offer for Sale mechanism that opened on June 22, 2026 and closed on June 23, 2026. The transaction was executed through stock exchange mechanisms in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/P/CIR/2023/18 dated February 3, 2023 and SEBI Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2023/10 dated January 10, 2023. The sale was conducted to comply with SEBI/SAT Order requirements for achieving Minimum Public Shareholding.
Shareholding Impact
Following this Offer for Sale, the aggregate shareholding of the Promoter and Promoter Group in the company has reduced from 86.55% to 75% of the paid-up equity share capital. Concurrently, the public shareholding has increased to 25%, thereby achieving the Minimum Public Shareholding requirement of 25% as mandated under Rules 19(2)(b) and 19A of the Securities Contracts (Regulation) Rules, 1957, read with Regulation 38 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The disclosure was signed by Sharad Jain, Company Secretary (Membership No.: F13058) on behalf of Riddhi Siddhi Gluco Biols Ltd.