Rama Steel Board approves ₹250 Cr capital, ₹306.4 Cr preferential issue

Rama Steel Tubes' Board of Directors, in a meeting on September 22, 2026, approved several key proposals. The company plans to increase its Authorised Share Capital from ₹200 crore to ₹250 crore, subject to shareholder approval. The Board also approved amendments to the Share Purchase Agreement dated December 11, 2025, concerning the joint acquisition of 100% stake in Automech Group Holding Limited by Rama Steel Tubes and its subsidiary, RST International Trading FZE. Furthermore, the Board approved a preferential issue of up to 28 crore equity shares at ₹5 each, aggregating ₹140 crore, to Promoter/Promoter Group and Non-Promoter categories. Another preferential issue of up to 33.28 crore equity shares at ₹5 each, totaling ₹166.40 crore, was approved via share swap to acquire a 21.62% stake in Automech Holding Group. Additionally, the Board approved the issuance of up to 8 crore convertible warrants at ₹5 each, aggregating ₹40 crore, to the Promoter category on a preferential basis. An Extraordinary General Meeting will be convened to seek shareholder approval for these matters.