Ratnamani Metals & Tubes Limited (RMTL), a prominent player in the metal and tube manufacturing sector, has taken a significant step towards strengthening its corporate social responsibility (CSR) efforts. The company announced the incorporation of Ratnamani Foundation, a Section 8 non-profit company, on September 5, 2025.

Joint Venture for Social Impact

The foundation is a collaborative effort, established in partnership with two of RMTL's subsidiaries - Ravi Technoforge Private Limited and Ratnamani Finow Spooling Solutions Private Limited. This strategic move underscores the group's commitment to creating a more structured and impactful approach to its CSR activities.

Foundation Structure and Objectives

Ratnamani Foundation has been incorporated as a company limited by guarantee, without any share capital. Its primary purpose is to serve as an implementing agency for the CSR activities of RMTL and its subsidiaries. The foundation's objectives are aligned with Schedule VII of the Companies Act, 2013, focusing on a wide range of social and environmental initiatives, including:

• Promotion of commerce, art, and science
• Advancement of sports
• Support for education and research
• Social welfare and healthcare
• Charitable activities
• Environmental protection

Financial Structure and Compliance

As a Section 8 company, Ratnamani Foundation is structured to operate on a non-profit basis. Key aspects of its financial structure include:

• Application for exemptions from the Income Tax Department
• Commitment to reinvest any profits towards promoting its objectives
• Prohibition of dividend payments to members

Regulatory Compliance and Transparency

RMTL has ensured full compliance with regulatory requirements in establishing the foundation. The company has filed the necessary intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This information has been duly shared with both the BSE Ltd. and the National Stock Exchange of India Ltd., where RMTL is listed.

Looking Ahead

The establishment of Ratnamani Foundation marks a new chapter in RMTL's approach to corporate social responsibility. By creating a dedicated entity for CSR activities, the company aims to enhance the efficiency and impact of its social initiatives. This move is expected to benefit various sectors of society while aligning with the group's commitment to sustainable and responsible business practices.

Ratnamani Metals & Tubes Limited (RMTL), a leading Indian manufacturer of steel tubes and pipes, has announced a significant expansion into the Middle East market. The company has incorporated a new subsidiary, 'Ratnamani Middle East Company, LLC', in Dammam, Kingdom of Saudi Arabia, on August 25, 2025.

Joint Venture Details

The new entity is structured as a joint venture with Saudi Electrical Materials Company Limited, a SESCO group company. Ratnamani holds a 75% stake in the venture, with an investment of 15.00 million Saudi Riyals for 75 shares. The subsidiary has an authorized and paid-up share capital of 20.00 million Saudi Riyals, divided into 100 shares of 20,000 Saudi Riyals each.

Strategic Objectives

The joint venture aims to achieve several strategic objectives:

1. Provide critical tubing solutions to consumers in Saudi Arabia, Gulf Cooperation Council (GCC) countries, and potentially global markets.
2. Manufacture seamless steel tubes and pipes locally, addressing the current reliance on imports in the region.
3. Develop a local presence, enhance branding, and offer superior servicing to customers in Saudi Arabia and GCC countries.

Partnership Synergies

SESCO group, the joint venture partner, brings valuable expertise to the table. As a company engaged in providing comprehensive supply chain solutions to large process industries in Oil & Gas, Petrochemicals, and other heavy industries, SESCO will offer crucial support in various areas:

• Project implementation
• Assessment of the Saudi market
• Legal support
• Assistance in operations and management
• Compliance with local laws

Regulatory Compliance

RMTL has complied with the necessary regulatory requirements, including intimation to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also uploaded this information on its website at www.ratnamani.com , as per regulatory guidelines.

Conclusion

This strategic move positions Ratnamani Metals & Tubes Limited for potential growth in the Middle East market. By localizing the production of seamless steel tubes and pipes, the company aims to tap into the demand from various industries in the region, including oil and gas, petrochemicals, and infrastructure. While the new subsidiary has not yet commenced business operations, this expansion marks a significant step in Ratnamani's international growth strategy.