Pradeep Jain has executed the sale of 15,96,860 equity shares in Rajasthan Tube Manufacturing Company Limited. This transaction, representing 3.54% of the company’s total equity share capital, was conducted off-market on August 25, 2026. Following this disposal, Pradeep Jain no longer holds any shares in Rajasthan Tube Manufacturing Company Limited. The total equity share capital of the company remains at ₹4,50,78,000 both before and after the sale.
Key Shareholder Disposal Announced
In a significant disclosure filed with the stock exchanges, Pradeep Jain has announced the disposal of a substantial stake in Rajasthan Tube Manufacturing Company Limited. A total of 15,96,860 equity shares were sold, which translates to 3.54% of the total paid-up equity share capital of the company. The transaction took place on August 25, 2026, and was conducted as an off-market sale.
Shareholding Changes
As a consequence of this disposal, Pradeep Jain’s holding in Rajasthan Tube Manufacturing Company Limited has reduced to zero. Prior to this sale, his entire holding of 15,96,860 shares, representing 3.54% of the total voting rights, has been transferred. The announcement highlights that the equity share capital of Rajasthan Tube Manufacturing Company Limited stood at ₹4,50,78,000 before and after this transaction, with the diluted share/voting capital also remaining unchanged at ₹4,50,78,000.
Transaction Details
The sale was executed via an off-market transaction. The filing confirms that there were no shares carrying voting rights, shares in the nature of encumbrance, or other instruments entitling the acquirer to receive shares before or after the sale, with the exception of the shares that were disposed of. The total voting rights held by Pradeep Jain before the sale were 3.54%, and after the sale, it is 0%.
Source: BSE
