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.

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.