Rama Steel Tubes adopted its audited financial statements for the fiscal year ended March 31, 2026, during its 52nd Annual General Meeting (AGM) held on September 30, 2026.

The meeting, conducted via video conferencing in compliance with Ministry of Corporate Affairs and SEBI guidelines, was presided over by Chairman and Managing Director Naresh Kumar Bansal. The company also approved the re-appointment of Rakesh Chaturvedi as a director liable to retire by rotation.

Key resolutions passed

Shareholders voted on several ordinary and special business items through remote e-voting and e-voting during the meeting. The resolutions included:

• Adoption of consolidated and standalone audited financial statements for FY26.
• Re-appointment of Rakesh Chaturvedi (DIN: 01107166) as a director.
• Appointment of Anju Kumari (DIN: 10729753) as Non-Executive Independent Woman Director.
• Ratification of remuneration payable to cost auditors for FY27.

Governance and compliance details

The company engaged M/s. Arun Kumar Gupta & Associates, Company Secretaries, New Delhi, to scrutinize the voting process. Remote e-voting was facilitated by National Securities Depository Limited (NSDL) from September 27, 2026, to September 29, 2026, with a cut-off date of September 23, 2026, for eligibility.

Company Secretary Vikas Sharma informed members that documents related to the AGM were available for electronic inspection. The Chairman addressed members on the financial performance of FY26 and outlined the strategic direction for FY27.

Rama Steel Tubes has published the notice for its Extraordinary General Meeting (EGM) in English and Hindi newspapers on September 26, 2026. The meeting is scheduled for October 21, 2026, to approve a ₹346 crore fundraising plan linked to the acquisition of a stake in Automech Group Holding Limited.

Preferential Issue Details

The Board approved the issuance of up to 28,00,00,000 equity shares at ₹5 each, raising up to ₹140 crore in cash from promoters and non-promoters. Additionally, the Board approved the issuance of up to 33,28,00,000 equity shares at ₹5 each, valued at ₹166.40 crore, as consideration other than cash towards acquiring 21.62% of Automech Group.

A separate proposal was approved for issuing up to 8,00,00,000 convertible warrants at ₹5 each, aggregating ₹40 crore, exclusively to the promoter category. These warrants are convertible into one fully paid-up equity share each within 18 months of allotment.

Acquisition of Automech Group

The preferential allotment is linked to the amendment of a Share Purchase Agreement dated December 11, 2025. Rama Steel Tubes and its wholly owned subsidiary, RST International Trading FZE, will jointly acquire 100% of Automech Group Holding Limited for AED 296 million. Rama Steel Tubes will acquire a 21.62% stake for AED 64 million, while RST International Trading FZE will acquire the remaining 78.38% for AED 232 million.

The acquisition aims to expand geographical presence in the UAE across sectors including steel fabrication, construction, precision engineering, and marine services. The completion date for the transaction has been extended to December 15, 2026.

Capital Structure Changes

To facilitate these issuances, the authorised share capital was increased from ₹200 crore to ₹250 crore. The capital clause of the Memorandum of Association will be altered accordingly, subject to shareholder approval via an Extraordinary General Meeting.

Post-allotment, assuming full conversion of warrants, promoter Naresh Kumar Bansal's holding is expected to rise from 17.10% to 18.88%. Non-promoter investors Mangesh Anilpant Duke and Payal Mangeshrao Duke will hold 5.15% and 3.44% respectively, while seller Jagjit Gouri will hold 14.29% post-acquisition.

EGM Logistics and Voting

The EGM will be held on Wednesday, October 21, 2026, at 12:30 pm (IST) through video conferencing or other audio-visual means. Shareholders can vote electronically via remote e-voting from Sunday, October 18, 2026, at 9:00 am until Tuesday, October 20, 2026, at 5:00 pm. Arun Kumar Gupta & Associates, Practicing Company Secretaries, Delhi, has been appointed as the scrutinizer for the e-voting process.

The cut-off date for determining voting rights is Wednesday, October 14, 2026. Members whose names are recorded in the Register of Members or Register of Beneficial Owners as on this date are eligible to cast votes. The notice was dispatched via email on September 25, 2026, and is available on the company website and stock exchange portals.

Regulatory Compliance

The intimation regarding the newspaper publication was issued under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisements appeared in Financial Express (English) and Jansatta (Hindi). The trading window for Rama Steel Tubes securities remains closed effective immediately and will reopen 48 hours after the conclusion of the board meeting held on September 22, 2026.