Riddhi Steel & Tube Sets Record Date for 1:2 Bonus Shares in 2026

Riddhi Steel & Tube Ltd has confirmed the record date for its proposed bonus shares, giving clarity to existing equity investors. The producer and exporter of ERW steel tubes and pipes, incorporated in 2001/2002, has moved ahead after member approval for the corporate action earlier in January 2026.

"This is further to our letters dated January 01, 2026 and January 27, 2026 intimating the approval by the members for issue of bonus shares in the ratio of 1 :2. In this regard, we wish to inform that the Company has fixed Tuesday, February 17, 2026 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company," said Riddhi Steel & Tube in a statement.

The bonus issue will be distributed in a 1:2 ratio. Eligible investors holding two fully paid equity shares on 17 February 2026 will receive one extra fully paid equity share. Each new share will carry a face value of Rs 10, matching the existing equity capital structure.

The proposal involves issuing 41,45,126 additional equity shares, aggregating to Rs 4,14,51,260 in bonus equity. Riddhi Steel & Tube plans to utilise retained earnings and/or the securities premium account for this capitalisation, subject to final shareholder and regulatory compliances wherever applicable under Indian company law rules.

Before the bonus issue, the company’s paid-up share capital stood at Rs 8,29,02,520. This capital comprised 82,90,252 equity shares, each with a face value of Rs 10. After allotment, the paid-up capital is expected to increase to 1,24,35,378 equity shares of Rs 10 each.

As of 31 March 2025, Riddhi Steel & Tube reported sizeable reserves that support the bonus proposal. The Securities Premium account totalled Rs 790.20 lakhs, while Retained Earnings were reported at Rs 4,590.62 lakhs. These reserve figures were audited as on 31 March 2025 by the company’s statutory auditors.

The company has indicated that the bonus share allotment should be completed within two months from the Board’s approval date. Management expects the process to be finished on or before 1 March 2026, aligning with standard timelines followed for such corporate actions in Indian listed entities.

Particulars	Pre-bonus	Post-bonus (proposed)
Number of equity shares	82,90,252	1,24,35,378
Face value per share	Rs 10	Rs 10
Paid-up share capital	Rs 8,29,02,520	Rs 12,43,53,780
Bonus ratio	1 share for every 2 shares held

Riddhi Steel & Tube bonus shares alongside share price performance

On 11 February 2026, Riddhi Steel and Tube Ltd (BSE: 540082) closed at Rs 395.00 per share. The stock has climbed from a 52-week low of Rs 75.05 to a 52-week high of Rs 395.00, reflecting sharp appreciation over the last year.

Share price data	Value
Latest closing price (11 February 2026)	Rs 395.00
52-week low	Rs 75.05
52-week high	Rs 395.00
1-year return (approx.)	Over 206%
6-month return (approx.)	More than 377%

The counter has delivered more than 206% returns over one year and above 377% over six months, as of early February 2026. This performance highlights strong trading momentum in Riddhi Steel & Tube around the period of the bonus shares announcement and associated corporate developments.

Riddhi Steel & Tube bonus shares and analyst view on target price

"Riddhi Steel stock price is bullish and also overbought with next resistance at 421.7 on the Daily charts. Investors should book profits at current levels as a Daily close below support of 384 could lead to a target of 324 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

The technical view from A R Ramachandran suggests caution near current market levels despite the strong price trend. The commentary highlights resistance near Rs 421.70 and support at Rs 384. A breach of support on a daily closing basis could imply downside potential towards Rs 324 in the short term.

The opinions and projections cited are those of individual analysts or research entities and not of Goodreturns.in or Greynium Information Technologies Private Limited. The organisations do not assure or accept liability for completeness, reliability or accuracy of this information. Investors should seek advice from licensed financial advisors and independently verify data before any securities transactions, as the information is intended for education and general awareness only.