Rama Steel Tubes Limited — Board Meeting, 14-02-2025: Outcome of Board Meeting

The Board of Directors of Rama Steel Tubes has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. The consolidated total income for the quarter was ₹28,046 million, with a net profit of ₹555 million post-tax. Additionally, the proposal for a follow-on public offer (FPO) has been deferred due to delays in the process and current market conditions, leading the Board to explore alternative fundraising options. The results underline the company's ongoing strategic focus amidst market challenges.