Rajasthan Tube Manufacturing Company Ltd — Important, 24-07-2026: Company Update

Rajasthan Tube Manufacturing Company's Board approved raising funds by issuing up to 6.21 Cr convertible warrants at ₹15 each to public investors, aiming to raise up to ₹93.15 Cr. These warrants convert into equity shares within 18 months. The Board also proposed the regularization of Mr. Mahendra Soni and Mr. Ranjeet Kumar Pandey as Independent Directors for five years. Furthermore, adoption of amended Memorandum and new Articles of Association was approved to align with current company law. An Extra-ordinary General Meeting will be held on August 20 to seek shareholder approval for these proposals.