Rama Steel Tubes has approved the sale of a non-core business unit situated in Sahibabad, Uttar Pradesh, for an aggregate consideration of INR 26,75,00,000. The Board of Directors approved the transaction at a meeting held on July 17, 2026. The unit comprises only land and a shed structure, and had not contributed to the company's turnover or revenue during the last financial year, making the divestment a strategic move to monetise idle assets.

Transaction Overview

The Agreement to Sell was executed on July 17, 2026, with Paras Buildwell LLP, an entity with its registered office at Preet Vihar, Delhi. The purchaser does not belong to the promoter or promoter group of Rama Steel Tubes. The transaction is proposed to be completed upon the fulfilment of conditions stipulated in the agreement. The key details of the transaction are outlined below:

Regulatory and Compliance Context

The company clarified that the sale does not constitute an undertaking or substantially the whole of the undertaking under Section 180(1)(a) of the Companies Act, 2013. The transaction does not fall under the ambit of related party transactions and is not part of any scheme of arrangement. The unit carried no net worth, and its contribution to the company's financials was nil. The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the regulatory filing was signed by Vikas Sharma, Company Secretary cum Compliance Officer.

Rama Steel Tubes Limited disclosed that its promoters and promoter group collectively held 58,72,46,516 equity shares as on March 31, 2026, with no encumbrance placed on these shares during the financial year. The declaration confirms that the shares held by the promoter group remained free of charges or liens directly or indirectly throughout FY26. This compliance provides clarity to shareholders regarding the status of the promoter's holding in the company.

The filing was submitted by Naresh Kumar Bansal, a promoter of the company, on behalf of the members of the promoter and promoter group. The disclosure was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The regulation mandates such annual declarations to ensure transparency regarding the pledging or encumbrance of promoter holdings.

Promoter and Promoter Group Details

The declaration lists thirteen individuals and entities classified as either promoters or members of the promoter group. The list includes immediate family members as well as partners associated with specific enterprises.

The communication was addressed to the stock exchanges, including the National Stock Exchange of India Ltd and BSE Limited, for necessary record-keeping. The company has requested the exchanges to take the declaration on record.