Rama Steel Tubes Appoints Additional Executive Director and Approves Major Equity Share Issuance

Rama Steel Tubes Limited announced major corporate developments following its Board meeting held on January 20, 2026, including a key leadership appointment and significant equity share issuance for strategic acquisition purposes.

Leadership Expansion with Industry Veteran

The Board appointed Mr. Rakesh Chaturvedi (DIN: 01107166) as Additional Executive Director, effective January 20, 2026. The appointment follows the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval at the upcoming Extraordinary General Meeting.

Parameter:	Details
Appointment Date:	January 20, 2026
Term Duration:	Five years
Industry Experience:	Over 40 years in steel industry
Previous Role:	Executive Vice President (Domestic Marketing)
Prior Experience:	13 years with Bhushan Steel Limited
Relationship Status:	Not related to existing directors

Mr. Chaturvedi brings extensive steel industry expertise, having served as Executive Vice President (Domestic Marketing) and worked for 13 years at Bhushan Steel Limited. His progressive experience spans over four decades in the steel sector.

Major Equity Share Issuance for Strategic Acquisition

The Board approved a substantial equity share issuance to facilitate the acquisition of a strategic stake in Automech Group Holding Limited. The transaction involves issuing equity shares through preferential allotment to fund the company's expansion strategy.

Transaction Details:	Specifications
Total Shares:	15,34,50,146 equity shares
Issue Price:	₹10.25 per share
Premium:	₹9.25 per share
Acquisition Target:	21.62% stake in Automech Group Holding Limited
Issuance Method:	Private placement
Allottee:	M/s Jagjit Gouri (Non-Promoter)
Post-Allotment Ownership:	8.58% on fully diluted basis

The equity shares are priced at ₹10.25 each, including a premium of ₹9.25 per share, determined in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018. The entire allotment will go to M/s Jagjit Gouri, classified as a non-promoter entity.

Regulatory Compliance and Approval Process

Both major decisions require comprehensive regulatory approvals and shareholder consent. The Board has authorized executives and the Board sub-committee to finalize the Extraordinary General Meeting notice for seeking shareholder approval on these matters.

The equity share issuance is subject to:

Shareholder approval through Extraordinary General Meeting
Approval from applicable regulatory authorities
Compliance with SEBI (ICDR) Regulations and other applicable laws

Meeting Details and Next Steps

The Board meeting commenced at 4:00 p.m. and concluded at 5:30 p.m. on January 20, 2026. The company will submit relevant details regarding the Extraordinary General Meeting to the exchanges separately in due course. All information has been made available on the company's website at www.ramasteel.com as per regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-6.13%	-7.74%	-15.61%	-31.68%	-31.79%	+702.97%

Rama Steel Tubes Ltd has announced a significant change in its leadership structure with the resignation of Executive Director Mr. Hari Shankar Singh, effective January 08, 2026. The steel tube manufacturer informed stock exchanges about this key managerial personnel change in compliance with regulatory requirements.

Executive Director Steps Down

Mr. Hari Shankar Singh (DIN: 11233459) submitted his resignation letter on January 08, 2026, stepping down from his position as Whole-time Director with immediate effect from the close of business hours on the same date. The resignation was attributed to personal reasons, with no other material factors cited for the departure.

Particulars	Details
Director Name	Mr. Hari Shankar Singh
DIN	11233459
Position	Whole-time Director/Executive Director
Effective Date	January 08, 2026 (close of business)
Reason	Personal reasons

Regulatory Compliance and Disclosure

The company fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Vikas Sharma communicated the resignation to both the National Stock Exchange of India Limited and BSE Limited on January 08, 2026.

The disclosure included the resignation letter from Mr. Singh and detailed annexure as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The communication was sent to NSE (Symbol: RAMASTEEL) and BSE (Scrip Code: 539309) simultaneously.

Director's Confirmation

In his resignation letter addressed to the Board of Directors, Mr. Singh explicitly confirmed that there were no material reasons for his resignation beyond the personal circumstances mentioned. He expressed gratitude to the Board members for their support during his tenure as Director of the company.

About Rama Steel Tubes

Rama Steel Tubes Ltd operates as a manufacturer and exporter of ERW Steel Tubes, including both black and galvanised variants. The company, incorporated in 1974 with CIN L27201DL1974PLC007114, maintains ISO 9001:2015 certification and has its registered office located in Ghazipur, New Delhi.