EGM held; preferential share issue to non-promoters approved

Board & Shareholder Meetings View source PDF Explain this filing

RAMASTEEL · price

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Price reactionminutes from the announcement price · days from the prior close

-1.8%Reaction day

₹3.80

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-0.8% vs market

Iron & Steel Products peers, median of 105sector-1.4%-0.4% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.4 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8-1.0-0.8-1.4-0.4

Next day

-3.7-3.3-0.4-4.2+0.5

-2.6-2.9+0.3-4.9+2.3

-1.6-1.3-0.3-2.4+0.8

-1.1pendingpending-2.5+1.4

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 105Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rama Steel Tubes held an Extraordinary General Meeting on October 21, 2026 via video conferencing. Two special business items were transacted: alteration of the capital clause of the Memorandum of Association, and issue of equity shares to non-promoter category persons on a preferential basis. Voting was conducted via remote e-voting from October 18 to 20 and e-voting during the meeting. Final results await the Scrutinizer's Report and will be shared with NSE and BSE.

Likely market impact

Preferential allotment to non-promoters may dilute existing shareholders. Await Scrutinizer's report for voting outcome and allotment details.