Several members of the Promoter/Promoter Group of Rajasthan Tube Mfg. Co. Ltd. have jointly submitted a request to the company’s Board of Directors. The individuals are seeking reclassification from their current Promoter/Promoter Group category to the Public category. This move is initiated in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The request details the current shareholding positions and confirms the signatories are willing to comply with all applicable regulations for this transition.
Promoter Reclassification Request
A significant group of individuals identified as members of the Promoter/Promoter Group of Rajasthan Tube Mfg. Co. Ltd. have formally requested the company to initiate a reclassification process. The request, dated August 31, 2026, seeks to move these individuals from their existing Promoter/Promoter Group status to the Public category.
Regulatory Basis and Shareholding Details
The application is being made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The undersigned promoters have provided their current shareholding positions as of August 31, 2026. Notably, Mr. Harish Chand Jain, Mr. Pradeep Jain, and Mr. Saurabh Jain currently hold NIL equity shares in the company. However, Mrs. Deepika Jain holds 23,20,960 equity shares (approximately 5.15%), and Mrs. Rajshree Jain holds 21,61,190 equity shares (approximately 4.79%) of the paid-up equity share capital.
Commitment to Compliance
The applicants have confirmed they are not involved in the management or day-to-day affairs of the company and do not exercise direct or indirect control over its operations. They do not hold any special rights such as special voting rights, veto rights, or the ability to appoint directors. The signatories have assured their full compliance with all applicable conditions prescribed under Regulation 31A and have expressed their willingness to provide further declarations or information as required by the company, BSE Limited, SEBI, or any other regulatory authority. The company has been requested to consider the request, make necessary disclosures, and complete the reclassification process upon satisfaction of all conditions.
Source: BSE
