Rama Steel Tubes has informed that in continuation to the matter passed in the Board Meeting held on 79.08.2022 and Board Meeting dated 31,.08.2022, inadvertently it has written issuance of Equity Shares in the place of issuance of Share Warrants convertible into Equity Shares to Shankar Sharma Shanker Shashi Sharma belonging to Non-Promoter Group on preferential basis and recommended for the approval of the members. The Company has determined the Issue Price for the said preferential allotment on the basis of ‘Relevant Date’ 30 th August, 2022. The issue price of the proposed issue has been fixed at Rs. 112.50 Rupees One Hundred Twelve and Paise Fifty Only, per share warrants convertible into equity shares of face value of Re 1 each and maximum number of share warrants convertible into equity shares to be issued is 16,25,000 subject to approval of members of the company by way of special resolution and approval of statutory authority wherever applicable. Also requested to read the ‘Share Warrants Convertible into Equity Shares’ instead of ‘Equity Shares’ in all other previous communications and information relating to Shankar Sharma (alias) Shanker Shashi Sharma in this regard.
The above information is a part of company’s filings submitted to BSE.
