Own This Iron & Steel Stock? Bonus Issue Record Date Announced; Check Details

The Indian producer and exporter Riddhi Steel & Tube Ltd, which was founded in 2001/2002 and specializes in ERW steel tubes and pipes, has announced the record date of its upcoming corporate action in the form of bonus shares.

Riddhi Steel & Tube Bonus Issue Record Date

"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.

Riddhi Steel & Tube Bonus Share Details

A bonus share issue of about Rs 4,14,51,260 has been proposed by the firm. This includes the issuance of 41,45,126 equity shares to eligible shareholders. Subject to shareholder approval, the bonus shares will be issued from the company's retained earnings and/or securities premium account. The proposed bonus issue is set at a 1:2 ratio, which means that for every two fully paid-up equity shares held as of the record date, shareholders would get one additional fully paid-up equity share worth Rs 10 apiece.

The company's total paid-up share capital before the bonus allotment was Rs 8,29,02,520, which consisted of 82,90,252 equity shares with a face value of Rs 10. The paid-up share capital would rise dramatically to 1,24,35,378 equity shares of Rs 10 each once the bonus
As of March 31, 2025, the company maintains robust reserves available for capitalization.

The Securities Premium account stands at Rs 790.20 lakhs, while Retained Earnings amount to Rs 4,590.62 lakhs. These figures have been audited as on March 31, 2025. The bonus issue allotment is expected to be completed within two months from the date of Board approval, and on or before March 1, 2026.

Riddhi Steel & Tube Share Price

As of the most recent trading session on February 11, 2026, the share price of Riddhi Steel and Tube Ltd (BSE: 540082) was Rs 395.00. Following a notable upswing from its 52-week low of Rs 75.05., the stock recently reached its 52-week high of Rs 395.00. With a one-year return of over 206% and a six-month return of more than 377% as of early February 2026, the stock has demonstrated remarkable momentum.

Riddhi Steel 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.

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