Rama Steel Tubes has informed that the Board of Directors of the Company, at its meeting held today (April 22, 2024) has, subject to the approval of shareholders' and or other requisite regulatory or statutory approvals, approved raising of funds by way of further issue of Equity Shares for an aggregate amount of upto Rs. 500 crores by way of a further public offer; The Board has re-constituted and authorised the Fund Raising Committee and assign all the powers to it including but not limited to appointment of various intermediaries and do all the things which are necessary for the completion of the issuance of Equity Shares by way of further public offer; The Board also approved convening of an extraordinary general meeting of the Company on Saturday, June 1, 2024, to approve the above matters; The Board has Appointed Shah & Santoki, Practicing Company Secretary as the scrutinizer of the Company for this extraordinary general meeting.
The above information is a part of company’s filings submitted to BSE.
