Rama Steel Tubes Limited has received disclosure from its promoter group regarding a substantial shareholding transaction. Arun Enterprises, through its partner Tarun Dhir, has sold equity shares in the company through open market transactions, as mandated under SEBI regulations.

Transaction Details

The share sale transaction was completed on March 05, 2026, involving the disposal of 75.20 lakh equity shares through open market operations. The following table summarizes the key transaction parameters:

Shareholding Changes

The transaction resulted in a notable change in the promoter group's stake in Rama Steel Tubes Limited. The shareholding pattern before and after the transaction shows the following changes:

Company Capital Structure

The company's equity share capital structure remained unchanged following this transaction. Rama Steel Tubes Limited maintains its total equity share capital at Rs. 1,63,60,40,979, representing 1,63,60,40,979 equity shares with a face value of Rs. 1 each.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal intimation was submitted to both the National Stock Exchange of India Limited and BSE Limited on March 06, 2026, ensuring full regulatory compliance for the substantial shareholding change.

Rama Steel Tubes Limited has completed the full utilization of Rs 87.50 crore raised through its private placement of equity shares, according to the final monitoring agency report submitted by Brickwork Ratings for the quarter ended December 31, 2025. The report confirms that the steel pipes and tubes manufacturer has deployed the entire proceeds for its stated objective of business expansion.

Fund Utilization Details

The monitoring agency report reveals that Rama Steel Tubes has utilized Rs 88.13 crore during the quarter for supporting business expansion through acquisition of business entities in India or abroad. The company also utilized an additional Rs 0.48 crore towards reimbursement of issue-related expenses, which was earned through interest on fixed deposits of the issue proceeds.

Private Placement Issue Details

The private placement issue was conducted from September 8, 2025, to September 22, 2025, with equity shares priced at Rs 11.25 per share. Originally, the company had planned to raise Rs 177.30 crore through the allotment of 157.60 million equity shares. However, the final amount received stood at Rs 87.50 crore due to non-receipt of funds from two investor funds within the stipulated period prescribed under the preferential issue process.

Company Background and Compliance

Rama Steel Tubes Limited operates in the manufacturing sector, specializing in steel pipes, tubes, and galvanized iron pipes. The company's promoters include Naresh Kumar Bansal, Kumud Bansal, Richi Bansal, Krati Bansal, Nikhil Naresh Bansal, and Kanika Bansal. The monitoring report confirms that the company has obtained all necessary government and statutory approvals related to the fund utilization objectives.

Monitoring Agency Assessment

Brickwork Ratings, serving as the monitoring agency under SEBI ICDR Regulations, reported no deviations from the disclosed objects of the issue. The report indicates that there were no material deviations observed, and all utilization was in accordance with the disclosures made in the offer document. The company's Chief Financial Officer, Mr. Rajeev Kumar Agarwal, confirmed through email dated February 11, 2026, that no further funds will be raised under this issue.

Final Status

With the complete utilization of the raised funds, this marks the conclusion of the private placement monitoring process. The company successfully deployed the proceeds for its intended purpose of business expansion, with no unutilized amounts remaining as of December 31, 2025. The monitoring agency has submitted its second and final report, confirming the successful completion of fund deployment as per the stated objectives.