Rama Steel Tubes has informed that the Board of Directors of the Company at its meeting held on March 16, 2016, has taken on record the sub-division of Equity Shares of face value of Rs 10 each to 2 Equity Shares of face value of Rs 5 each with the intent to encourage participation of small investors by making equity shares of the Company affordable and at the same time enhancing the liquidity of the Company’s equity shares. Pursuant to the sub-division, the issued and paid-up Equity Shares of the Company stand increased to 2,986,800 Equity Shares of Rs 5 each; issued and allotted 11,947,200 Bonus Equity Shares of Rs 5 each in the ratio of 4:1, to those shareholders whose names appeared in the list of members as on Record Date fixed for this purpose i.e. March 15, 2016. The said Bonus Equity Shares shall be credited/dispatched till March 25, 2016 subject to payment of Stamp Duty. Post aforesaid issue, the issued and paid-up share capital of the Company stand increased to Rs 74,670,000 comprising of 14,934,000 Equity Shares of face value of Rs 5 each.
The above information is a part of company’s filings submitted to BSE.
