Rama Steel Tubes has scheduled a board meeting for September 22, 2026, to consider raising funds through a preferential issue of equity shares. The company notified the National Stock Exchange and BSE regarding the upcoming corporate action.

Board Agenda

The Board of Directors will evaluate the proposal to issue equity shares and/or other securities on terms deemed appropriate. This action aligns with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The board may also seek shareholder approval via postal ballot or general meeting if required.

Trading Window Closure

Pursuant to SEBI’s insider trading regulations, the trading window for Rama Steel Tubes securities remains closed effective immediately. It will reopen only after the expiry of 48 hours following the conclusion of the board meeting.

Regulatory Compliance

The intimation was issued under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vikas Sharma, Company Secretary & Compliance Officer, signed the disclosure dated September 17, 2026.

Rama Steel Tubes promoter Tarun Dhir disposed of 56,86,447 equity shares, representing a 0.35% stake in the company, through open market transactions between September 9 and 11, 2026.

The sale reduces Dhir’s total holding to 2,42,50,796 shares, or 1.48% of the company’s paid-up capital, down from 2,99,37,243 shares (1.83%) prior to the transaction.

Transaction Details

Dhir, who is a partner at M/s Arun Enterprises, executed the sales under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted to both the National Stock Exchange of India Limited and BSE Limited on September 11, 2026.

The company’s total equity share capital remains unchanged at ₹1,63,60,40,979, comprising 1,63,60,40,979 equity shares with a face value of ₹1 each. No warrants, convertible securities, or other instruments entitling the seller to voting rights were involved in the transaction.

What the Numbers Show

The disposal represents a significant reduction in Dhir’s individual stake within the promoter group, dropping by nearly one-third relative to his previous holding. However, as his post-transaction stake remains above 1%, he continues to be classified as part of the promoter group under SEBI regulations.