Rama Steel Tubes Ltd

Rama Steel Tubes Approves Major Expansion Plans 🏗️📈

- Shareholders approved investments, loans, and guarantees beyond standard limits under Section 186 of the Companies Act, 2013, with 99.47% votes in favor.

- Issuance of equity shares on a preferential basis was approved with 99.98% support.

- Variation in the use of proceeds from a May 2025 preferential issue was approved with 99.98% votes.

- Mr. Rakesh Chaturvedi was appointed as Executive Director with nearly 100% approval.

- Total votes polled across all resolutions represented 32.21% of outstanding shares, with 820,901 shareholders on record.