RST Board approves capital hike, acquisition SPA amendment, preferential issues

Rama Steel Tubes Ltd's Board of Directors approved several key matters, including an increase in Authorised Share Capital from ₹200 Cr to ₹250 Cr. The Board also approved amendments to the Share Purchase Agreement (SPA) for the joint acquisition of 100% stake in Automech Group Holding Limited. Additionally, the Board sanctioned the preferential issue of up to 28 Cr equity shares for ₹140 Cr and up to 33.28 Cr equity shares for ₹166.40 Cr (partially via share swap for the Automech acquisition). A preferential issue of up to 8 Cr convertible warrants for ₹40 Cr to promoters was also approved. An Extraordinary General Meeting will be convened for member approval of these matters.