Company Disclosure
Rama Steel Tubes Limited (Scrip Code: 539309) has made a regulatory disclosure under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Nature of Event
Board of Directors meeting held on July 17, 2026 approved the sale of a non-core business unit comprising land and shed structure located at B-5, Site IV, Sahibabad Industrial Area, Ghaziabad, Uttar Pradesh.
Transaction Details
- Sale Consideration: ₹26,75,00,000 (Indian Rupees Twenty Six Crore Seventy Five Lakh Only)
- Agreement Date: July 17, 2026
- Completion Timeline: Upon fulfilment of conditions stipulated in the agreement
- Buyer: Paras Buildwell (LLPIN: AAF-3503), registered office at F-122, First Floor, Plot No. 30, Aditya Arcade Community Centre, Preet Vihar, Delhi, India, 110092
Financial Impact Assessment
The unit being sold is a non-core business unit that did not contribute any turnover, revenue, or income during the last financial year and has no net worth. The percentage contribution to the company's turnover/revenue/income and net worth is nil/not applicable.
Regulatory and Compliance Aspects
- The transaction does not constitute sale of an undertaking or substantially the whole of the undertaking under section 180(1)(a) of Companies Act, 2013
- The purchaser does not belong to the Promoter/Promoter Group/Group Companies of Rama Steel Tubes
- The transaction does not fall under related party transactions
- The sale is not part of any Scheme of Arrangement
- Not a slump sale transaction
Disclosure Framework
Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
#Tags: #RamaSteelTubes #AssetSale #SEBIDisclosure #RegulatoryCompliance #Neutral