Rajasthan Tube Manufacturing Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/06/2025 ,inter alia, to consider and approve Board ....
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Rajasthan Tube Manufacturing Company has informed BSE that its Board of Directors will meet on Saturday, 21st June 2025 at 2:00 PM at its registered office in Jaipur. The agenda includes fixing the date and venue for the 39th Annual General Meeting (AGM) for FY ending 31st March 2025, approving the AGM notice and Board Report, and appointing a scrutinizer for the e-voting process. The Board will also consider appointing two new directors — Mr. Mahendra Kumar Modi as a non-executive non-independent director and Mr. Pankaj Jain as a whole-time director. Additionally, the Board will discuss increasing the authorised share capital with a corresponding amendment to the Memorandum of Association, and consider raising funds through issuance of securities. M/s Khushbu Kanwar & Co. is proposed to be appointed as the secretarial auditor.
The agenda hints at a potential capital raise and expansion of the board, which could dilute existing shareholders but may also signal growth plans. Shareholders should watch for the post-meeting outcome on fund-raising details and share capital changes, as these could affect stock value.