22-Sept-2026 17:34:41

RAMA STEEL TUBES : PREFERENTIAL ISSUE OF RS 180 CR TO PROMOTERS AND NON-PROMOTERS

• Board approved increasing authorised share capital to ₹250 Cr from ₹200 Cr, subject to member approval. • Approved amendments to a share purchase agreement for the proposed joint acquisition of 100% stake in Automech Group Holding Limited. • Approved preferential issue of up to 28 Cr equity shares at ₹5/share to promoters and promoter group for ~₹140 Cr cash. • Approved preferential issue of up to 33.28 Cr equity shares at ₹5/share to non-promoters for consideration other than cash. • Approved issue of 8 Cr warrants convertible into equity shares at ₹5/warrant to promoter category for ~₹40 Cr cash.

Rama Steel Tubes Ltd

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