Rama Steel Tubes has informed that the Board of Directors of the Company in their meeting held today has made allotment of 101,99,04,050 fully paid-up Bonus Equity Shares of Rs 1 each in the ratio 2:1 (Two) Equity Share of Rs 1 each for every (One) Equity Share of Rs 1 each held by the shareholders of the Company as on the record date (March 19, 2024), in accordance with SEBI (ICDR) Regulations, 2018 and applicable rules. The Board of Directors of the Company have also reserved 1,62,50,000 bonus shares for 16,25,000 number of outstanding warrants as on record date pending for conversion into equivalent number of equity shares, in the ratio of 2:1 (Two equity shares for everyone equity shares held). The Board Meeting commenced at 11:00 AM and concluded at 11:45 AM.
The above information is a part of company’s filings submitted to BSE.
