StockWatch
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Iron & Steel Products
AGM/EGM13 Aug 2026, 05:52 pm

Rajasthan Tube Mfg. amends EGM notice for preferential issue details

AI Summary

Rajasthan Tube Manufacturing Company Ltd has issued a corrigendum to its Extra Ordinary General Meeting (EGM) notice, originally scheduled for August 20, 2026. The amendment clarifies details regarding a preferential issue. Specifically, it updates the explanatory statement for Item No. 1, revising points related to the Certificate of Practicing Company Secretary and the utilization of proceeds from the preferential issue. The funds raised will be used for working capital (up to 75%) and general corporate purposes (up to 25%). The company also updated details regarding the valuation report from a registered valuer.

Key Highlights

  • Corrigendum issued for EGM scheduled on August 20, 2026.
  • Details on preferential issue, including utilization of funds, amended.
  • Funds to be used for working capital and general corporate purposes.
  • Valuation report details updated and made accessible online.