Rama Steel Tubes Limited — Others, 26-05-2025: Shareholders meeting

Rama Steel Tubes Ltd. has announced a board meeting to seek shareholder approval through an Extraordinary General Meeting for two proposals. The company plans to raise around Rs. 177.3 Cr by issuing up to 15.76 Cr equity shares at Rs. 11.25 each to four non-promoter global funds on a preferential basis, with proceeds aimed at capital expenses, business expansion, and new ventures. It also proposes to amend its Memorandum of Association to add renewable energy, specifically solar power project development and financing, as a new business vertical to diversify growth.