Rama Steel Tubes Ltd

Rama Steel Tubes Announces Key Leadership & Strategic Stake Acquisition 🚀

- Mr. Rakesh Chaturvedi appointed as Additional Executive Director effective January 20, 2026, for 5 years (subject to shareholder approval)

- Chaturvedi brings 40+ years of steel industry experience, including 13 years at Bhushan Steel

- Board approves issuance of 15,34,50,146 equity shares at ₹10.25 per share to acquire 21.62% stake in Automech Group Holding

- Share issuance subject to shareholder approval at upcoming EGM

- Board meeting held on January 20, 2026 (4:00 PM - 5:30 PM)