Rajasthan Tube Manufacturing Company Ltd — Important, 25-07-2026: Company Update

The Board approved raising up to ₹93.15 crore by issuing 6.21 crore convertible warrants at ₹15 each on a preferential basis to public investors. These warrants can be converted into equity shares within 18 months. Additionally, the Board proposed regularizing Mr. Mahendra Soni and Mr. Ranjeet Kumar Pandey as Independent Directors for five years. The company also approved adopting an amended Memorandum of Association and new Articles of Association to align with current corporate law. An Extraordinary General Meeting will be held to seek shareholder approvals for these key proposals.