Rama Steel Tubes EGM passes preferential allotment and capital clause amendment

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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

₹3.77

announcement price

In-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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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 EGM on 21 Oct 2026. Two special resolutions passed with over 99.99 percent approval: (1) alteration of the capital clause of the Memorandum of Association, and (2) issue of equity shares to non-promoter persons on a preferential basis. Promoters fully supported both, voting 531,793,311 shares in favour. About 534.8 million shares were polled out of 1.636 billion outstanding.

Likely market impact

Preferential issue to non-promoters may dilute existing holdings. Capital clause change enables revision of authorised share capital.