Rama Steel Tubes to raise ₹346.4 Cr via preferential issue

Rama Steel Tubes Limited's Board approved several key matters on September 22, 2026. The company will increase its authorized share capital from ₹200 Cr to ₹250 Cr, subject to shareholder approval. It also approved amendments to the Share Purchase Agreement for the acquisition of 100% stake in Automech Group Holding Limited. Furthermore, the Board sanctioned a preferential issue of up to 280 million equity shares at ₹5 each, totaling ₹140 Cr, to promoter/non-promoter categories. An additional preferential issue of up to 332.8 million equity shares at ₹5 each, amounting to ₹166.40 Cr, will be made to the non-promoter category via share swap for acquiring a 21.62% stake in Automech Holding Group. Lastly, the Board approved issuing up to 80 million convertible warrants at ₹5 each, aggregating ₹40 Cr, to the promoter category on a preferential basis. An Extraordinary General Meeting will be convened to approve these proposals.