Board Meeting24 Jul 2026, 10:00 pm
Rajasthan Tube Approves Preferential Issue of Warrants
AI Summary
Rajasthan Tube Manufacturing Company Ltd's Board of Directors, in a meeting held on July 24, 2026, approved a preferential issue of up to 6,21,00,000 convertible equity share warrants to public investors. Each warrant is priced at ₹15, convertible into one equity share of ₹1 each. The company also recommended the regularization of Mr. Mahendra Soni and Mr. Ranjeet Kumar Pandey as Independent Directors. Additionally, the board approved amendments to the Memorandum and Articles of Association, subject to shareholder approval. An Extraordinary General Meeting (EGM) is scheduled for August 20, 2026, to discuss these proposals.
Key Highlights
- Board approved preferential issue of 6.21 crore warrants.
- Warrants priced at ₹15 each, convertible to equity shares.
- Recommended appointment of two new Independent Directors.
- Approved amendments to MOA and AOA, pending shareholder nod.
- EGM scheduled for August 20, 2026, to seek member approval.
Price Impact
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