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Rama Steel Tubes Ltd. ( (IN:RAMASTEEL) ) has provided an announcement.
Rama Steel Tubes Limited has issued a corrigendum to its earlier notice convening an Extraordinary General Meeting (EGM) scheduled for 14 February 2026, to clarify and expand details in the explanatory statement regarding a proposed share allotment for consideration other than cash. The company has disclosed that promoter Jagjit Gouri of Automech Group Holding Limited will transfer 2,162 equity shares, representing a 21.62% stake in Automech Group Holding Limited, to Rama Steel Tubes at a price of Rs 727,504.1612 per share, with the total purchase consideration of Rs 1,572,863,996.50 to be settled through the issuance of 153,450,146 equity shares of Rama Steel Tubes, and confirmed that post-transaction shareholding figures have been calculated on a fully diluted capital basis, providing greater transparency for shareholders ahead of the EGM.
More about Rama Steel Tubes Ltd.
Rama Steel Tubes Limited is an Indian manufacturer and exporter of ERW steel tubes, both black and galvanised, serving infrastructure and industrial applications from its base in New Delhi. The company operates under ISO 9001:2015 standards and is listed on the National Stock Exchange of India and BSE, positioning it within the organised steel tubes and pipes segment.
Average Trading Volume: 594,303
Technical Sentiment Signal: Sell
Current Market Cap: 12.79B INR
For a thorough assessment of RAMASTEEL stock, go to TipRanks’ Stock Analysis page.