Rama Steel Tubes Limited — Board Meeting, 21-05-2025: Outcome of Board Meeting

Rama Steel Tubes has announced a board meeting to approve the financial results for the quarter and half-year. The company plans to raise Rs 177.3 Cr through a preferential equity issue at Rs 11.25 per share, targeting key non-promoter investors. It is also expanding into renewable energy, focusing on solar power IPP and EPC projects by amending its business objectives. An Extraordinary General Meeting will be held to secure shareholder approval for these strategic moves, with a new company secretary appointed to oversee the EGM process.