Rajasthan Tube promoter sale filing: FY26 stake update

Stock snapshot and what changed

RAJTUBE was quoted at ₹10.5 as of 25 Aug, 2026, with a reported move of 0.28 (-2.60%). The update comes amid a set of disclosures around promoter transactions and ownership classification at Rajasthan Tube Manufacturing Company Limited. A key filing dated June 10, 2026 details equity share disposals by promoters during the financial year ended March 31, 2026. The same filing also includes a statement that the promoter group has not controlled the company’s affairs since June 28, 2025. For investors tracking small-cap governance and float changes, these are material disclosures because they speak to both shareholding and management control.

FY26 promoter disposal disclosure filed with BSE

Promoters of Rajasthan Tube Manufacturing Company Limited disclosed disposal of equity shares during FY26 under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted to the Bombay Stock Exchange Limited and the Department of Corporate Affairs on June 10, 2026. Harish Chand Jain, identified as a promoter, made the filing on behalf of the promoters, promoter group, and Persons Acting in Concert (PAC). The filing states that the group is providing the required declaration even though it has not held control over the company’s affairs since June 28, 2025. It also says an application has been made to remove their names from the promoter list, but the names had not been officially removed as of the filing date.

Promoters say control ended on June 28, 2025

A central point in the filing is the declaration that control over the company’s affairs ceased from June 28, 2025. The disclosure notes this context while explaining why the declaration is still being submitted under the regulations. This is relevant because promoter classification and control can affect market perception, related-party scrutiny, and how investors interpret shareholding changes. The filing does not present a new control structure in the excerpted text, but it explicitly records the promoter group’s position about control. The document was digitally signed by Pankaj Jain, Whole Time Director, on June 10, 2026.

Details of promoter share sales and closing holdings (as of March 31, 2026)

The annexure to the submission lists sales conducted by specific promoters during the period and their holdings as of March 31, 2026. It also confirms that promoter-held shares were not encumbered during the financial year.

Shareholding pattern: promoters at 16.8% in recent quarters

Multiple shareholding snapshots in the provided data show promoters at 16.8% in 2026, with public shareholders holding the bulk of equity. It is also stated that promoter holdings remained unchanged at 16.80% in the Jun 2026 quarter. One summary states: Total Promoters 16.8%, Mutual Fund 0%, Insurance 0%, Foreign Institutional Investors 0%, Domestic Institutional Investors 0%, Retail 83.2%, Others 0% (for 2026-27). Another set of figures lists Domestic Institutional Investors at 0.52%, Retail at 82.69%, and Others at -0.01%, with promoter shareholding shown across quarters as MAR '25 34.08%, JUN '25 16.51%, SEP '25 16.5%, and DEC '25 16.8%. As of December 2025, the data also states 16.80% owned by Indian promoters and 83.20% by public.

Who are the top promoter holders (as stated)

The top five promoters by shares, as stated for December 2025, were Rajshree Jain (24.32 lakh shares, 5.40%), Deepika Jain (23.21 lakh shares, 5.15%), Pradeep Jain (15.97 lakh shares, 3.54%), Saurabh Jain (10.88 lakh shares, 2.41%), and Harish Chand Jain (1.33 lakh shares, 0.29%). The summary statement for the quarter ended 31/12/2025 shows five promoter and promoter group shareholders holding 7,571,130 shares, representing 16.80% of total equity. The same number, 7,571,130 shares (approximately 16.8% of total equity), is cited in a voting context where promoters and the promoter group did not participate in voting for any of the resolutions.

Corporate actions: 10:1 stock split and credit timeline

The data includes a stock split with ratio 10:1 and split date May 08, 2025. It states that 1 share held will become 10. It also states that the new number of shares should be credited and listed within 1 day after the ex-date. Such corporate actions can change the face value and share count without changing proportional ownership, but they can affect trading price levels and liquidity.

Funds utilisation plan disclosed: working capital and general purposes

The company’s stated plan, as provided, is to allocate 75% of the funds for working capital and 25% for general corporate purposes. The utilisation is planned over 24 months. The excerpt does not specify the fund-raising instrument or resolution outcome details, but it provides a clear split of intended deployment and a defined utilisation period.

Financial performance: FY26 profit rise despite Q4 loss

Rajasthan Tube Manufacturing Company Limited reported net profit of ₹1.24 crore for FY26, up 153.86% year-on-year from ₹0.49 crore in the previous year. The increase was attributed in the provided text to old stock sales. At the same time, the company reported a Q4 loss of ₹0.56 crore, with the note that operations remained suspended. This combination suggests that FY26 profitability, as described, was driven by non-routine sales while operating performance in the final quarter remained weak.

Key facts at a glance

Market context and why investors track these disclosures

Promoter share sales and the classification of control are closely watched because they can alter the perceived stability of ownership and governance. In this case, the June 10, 2026 filing is notable for combining transaction-level disclosures with an explicit statement about lack of control since June 28, 2025. The shareholding pattern also shows a high public shareholding, with retail comprising a large portion of non-promoter ownership in the provided snapshots. Separately, the FY26 profit figure and the note about old stock sales, alongside a Q4 loss while operations were suspended, provide context on the nature of reported earnings.

Conclusion

The latest set of updates around Rajasthan Tube Manufacturing Company Limited centres on a June 10, 2026 promoter disposal disclosure, a stated loss of promoter control since June 28, 2025, and promoter shareholding holding steady at 16.8% in recent quarters. Investors also have a clear reference for the 10:1 split dated May 08, 2025 and the company’s stated plan to use funds primarily for working capital over 24 months. Further clarity, if any, would typically come from subsequent exchange filings on promoter classification changes and any updates tied to the resolutions referenced in the voting note.