Ratnamani Metals & Tubes has subscribed to 75% of the equity share capital in its joint venture entity, Ratnamani Middle East Company LLC. The company paid SAR 15,00,000 on June 23, 2026, to acquire 75 equity shares with a face value of SAR 20,000 each. This investment secures the majority stake in the joint venture located in Dammam, Kingdom of Saudi Arabia (KSA).

The joint venture was established with Saudi Electric Supply Company Limited to provide critical tubing solutions to consumers in the KSA and Gulf Co-operation Council (GCC) Countries. The entity was incorporated on August 25, 2025, as Ratnamani Middle East Company LLC. The agreement stipulated that Ratnamani Metals & Tubes would hold 75% of the equity, while the SESCO group would retain the remaining 25%.

The strategic objective of the joint venture includes manufacturing seamless products locally, which are currently imported by consumers in the KSA and GCC regions. This move aims to reduce import dependency and cater to market opportunities in the Middle East and globally. The subscription to shares was completed in accordance with the Joint Venture cum Shareholders Agreement previously signed by the parties.

Financial Details of Subscription

The intimation regarding this subscription was submitted to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Anil Maloo, Company Secretary & Compliance Officer, signed the disclosure on behalf of Ratnamani Metals & Tubes Limited.

Ratnamani Metals & Tubes has fixed Tuesday, August 11, 2026 as the record date to determine shareholder eligibility for remote e-voting and participation at its 42nd Annual General Meeting (AGM). The AGM is scheduled for Tuesday, August 18, 2026. Shareholders recorded in the register of members on the cut-off date are entitled to cast their votes electronically and participate in the meeting proceedings.

The company will utilize the e-voting facility provided by the National Securities Depository Limited (NSDL). Remote e-voting commences on Thursday, August 13, 2026 at 9.00 A.M. and concludes on Monday, August 17, 2026 at 5.00 P.M. No electronic voting will be permitted beyond the stipulated end time. The same record date determines eligibility for members casting votes in person at the AGM.

The meeting is held pursuant to Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Anil Maloo, Company Secretary & Compliance Officer, signed the communication regarding the schedule.

Key AGM Dates