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The Board of Directors of Rajasthan Tube Manufacturing Company Ltd, at its meeting on January 13, 2026, approved a major rebranding and business expansion. The company proposes to change its name to 'NEOOH STREET,' subject to shareholder and regulatory approval. The Objects Clause of the Memorandum of Association will be amended to allow the company to operate in marketing and advertising, information technology and software, infrastructure, manufacturing, and import-export businesses — a sharp shift from its current tube manufacturing identity. Two new Additional Directors, Mr. Mayur Mukul Ghule and Mr. Darpan Jayraj Kale, have been appointed. An Extraordinary General Meeting has been scheduled for February 10, 2026, to seek shareholder approval for all the above matters.
This signals a significant strategic pivot and rebranding away from the company's traditional tube manufacturing business toward a diversified portfolio spanning IT, advertising, and infrastructure. Shareholders should review the EGM agenda carefully, as the name change and expanded business objects could meaningfully reshape the company's future direction and risk profile.