Rama Steel Tubes Limited — Others, 21-05-2025: Amendment to AOA/MOA

Rama Steel Tubes has announced a board meeting approving a fundraise of Rs 177.30 Cr via a preferential issue of 15.76 crore equity shares at Rs 11.25 each for non-promoter investors. The board also approved expanding the company’s main business to include renewable energy, focusing on solar power projects, EPC services, and strategic solar investments. An Extraordinary General Meeting will be held to get shareholder approval for both the capital raise and the change in business scope. This move marks Rama Steel’s strategic entry into the clean energy sector alongside its steel tube operations.