Ritesh International Ltd

Ritesh International Ltd. Plans Preferential Share Issue to Promoters 📈

- Board approves issuance of 8,20,000 equity shares at ₹46.23 per share (including ₹36.23 premium), totaling ₹379.086 Lakh.

- Shares to be issued preferentially to promoters Ritesh Arora and Rijul Arora.

- Post-allotment, Ritesh Arora's stake rises from 16.38% to 19.32%; Rijul Arora's from 16.60% to 19.52%.

- Issue price of ₹46.23 exceeds SEBI ICDR minimum price requirement.

- EGM scheduled for October 30, 2025, in Punjab for shareholder approval.