Rama Steel Tubes Limited — Others, 12-06-2025: Shareholders meeting

Rama Steel Tubes Ltd. has announced a board meeting on the utilization of preferential issue proceeds, confirming that ₹177.30 Cr will be deployed within a year to acquire a company in renewable energy, engineering, or infrastructure sectors. Until then, the funds may be parked in interest-bearing liquid instruments under board-approved policies. A SEBI-registered monitoring agency will be appointed to ensure proper use of these funds. This clarification updates an earlier notice without altering other terms, highlighting the company’s strategic focus on diversifying into high-growth sectors.