Rama Steel Tubes seeks approval for 53,28,00,000 preferential equity shares at Rs 5 each
Rama Steel Tubes · Industrial Products
What the filing says
- Board approved issue of up to 53,28,00,000 equity shares at Rs 5 each on 22nd September, 2026, subject to an EGM vote on 21st October, 2026.
- Rs 100 Crore (20,00,00,000 shares) funds subsidiary RST International Trading FZE for Automech Group Holding stake; Rs 166.40 Crore (33,28,00,000 shares) is purchase consideration for 21.62%.
- Non-promoter allottees: Mr. Mangesh Anilpant Duke 12,00,00,000 shares, Ms. Payal Mangeshrao Duke 8,00,00,000 shares, Mr. Jagjit Gouri 33,28,00,000 shares (non-cash).
Why it's rated notable: not yet binding (letter of intent, proposal or subject to approvals)
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Rama Steel Tubes Limited Has informed Regarding Notice Of Extraordinary General Meeting To Be Held On October 21, 2026.
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.