Rama Steel Tubes Limited shareholders approved two key resolutions at an Extraordinary General Meeting (EGM) held on October 21, 2026. The approvals cover the alteration of the capital clause in the Memorandum of Association and the issuance of equity shares to non-promoter categories on a preferential basis.

The meeting was conducted virtually through Video Conferencing (VC) and Other Audio Video Means (OAVM), adhering to Ministry of Corporate Affairs and Securities and Exchange Board of India guidelines. Naresh Kumar Bansal, Chairman and Managing Director, presided over the session. The proceedings began at 12:30 pm and concluded at 1:53 pm, including a 30-minute window for electronic voting.

Resolutions passed

The members voted on special business items outlined in the notice dated September 25, 2026. The resolutions were transacted via remote e-voting and live e-voting during the meeting.

Voting facilities were managed by National Securities Depository Limited (NSDL). Remote e-voting was open from October 18, 2026, at 9:00 am until October 20, 2026, at 5:00 pm. Shareholders whose names appeared in the Register of Members as of the cut-off date, October 14, 2026, were eligible to vote. Those who did not vote remotely could cast their ballots during the meeting.

Governance and compliance

Vikas Sharma, Company Secretary and Compliance Officer, coordinated the meeting and confirmed the presence of requisite quorum. Directors, Key Managerial Personnel, and chairpersons of the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees attended the virtual session.

M/s. Arun Kumar Gupta & Associates, Company Secretaries based in Delhi, served as the scrutinizer for the voting process. The final results will be declared upon receipt of the scrutinizer's report and subsequently forwarded to both stock exchanges and hosted on the company website.

Rama Steel Tubes Limited promoter Naresh Kumar Bansal increased his shareholding by 0.53% through open market purchases. This acquisition brings his total holding in the company to 17.63% of the total voting capital.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved the purchase of 87,00,761 equity shares carrying voting rights. No other instruments such as warrants or convertible securities were part of this specific acquisition event.

Transaction details

The promoter executed the buyback through the open market segment on stock exchanges where the company is listed. The trading window for these specific acquisitions spanned three days in late September 2026.

Holding structure before and after

Prior to this transaction, Naresh Kumar Bansal held 27,97,21,175 shares, representing 17.10% of the company's equity. Following the addition of the newly acquired shares, his total holding rose to 28,84,21,936 shares.

The company’s total equity share capital remained unchanged at ₹1,63,60,40,979/-, comprising 1,63,60,40,979 equity shares of face value ₹1 each. There were no changes in the diluted share capital as no convertible instruments were issued or exercised during this period.

What the numbers show

The promoter's stake increased from 17.10% to 17.63%, marking a marginal but consistent accumulation of equity. The entire increase is attributable to open market purchases, indicating organic buying rather than a structured allotment or preferential issue. The absence of encumbrances such as pledges or liens in the disclosed holdings suggests the acquired shares are free from encumbrance.