Rama Steel Tubes Limited has intimated the National Stock Exchange of India Limited and BSE Limited about an upcoming Board of Directors meeting scheduled for Tuesday, September 22, 2026.
The primary agenda for the board meeting includes:
- Consideration and approval of raising funds through issue of equity shares and/or other securities
- The fundraising will be conducted through preferential issue method
- Terms and conditions will be determined appropriate by the Board
- The issuance will comply with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended
The Board may also consider seeking shareholder approval through Postal Ballot and/or General Meeting as applicable.
Additionally, the company has closed the trading window for dealing in the company's securities with immediate effect, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company's Code of Conduct. The trading window will remain closed until 48 hours after the conclusion of the board meeting.
The intimation is made pursuant to Regulation 29 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Impact
Financial impact not quantified in the disclosure. The fundraising amount and terms will be determined by the Board.