Rama Steel Tubes has informed that the Board of Directors at its meeting held today, January 24, 2024, has considered and approved the following items: Issue of Bonus Shares in the proportion of 2:1; 2 (Two) fully paid-up bonus equity share of Rs 1 (Rupees One only) each for every 1 (One) fully paid-up equity share of Rs 1 (Rupees One only) each held by the Members of the Company as on the Record Date, subject to approval of Members of the Company through Postal Ballot. Record Date to determine the eligible shareholders shall be decided and Intimate in due course of time to the exchange separately; Increase in Authorised Share Capital of the Company from Rs. 55,00,00,000 (Fifty Five Crore) to Rs. 200,00,00,000 (Two Hundred Crore), subject to approval of Members of the Company through Postal Ballot; Alteration in Capital Clause of Memorandum of Association of the Company, subject to approval of Members of the Company through Postal Ballot; Approved postal ballot notice for seeking consent of Members of the Company for the Resolutions as set out in the postal ballot Notice and other matters incidental thereto.
The above information is a part of company’s filings submitted to BSE.