Rajasthan Tube Manufacturing Company Ltd — Important, 05-09-2025: Company Update

Raj Tube Manufacturing Company Limited has received a SEBI Adjudication Order imposing a penalty of 0.07 Cr. The order found the company engaged in fictitious circular transactions with connected entities to inflate sales and misrepresent financial statements. Management, including the CMD and CFO, were complicit in misusing company funds, and independent directors failed in their oversight duties. SEBI highlighted deceptive practices and fund siphoning. The company stated the penalty is not material to its operations or financial position, and business continuity remains unaffected.