Rama Steel Tubes Limited has informed the Exchange regarding Appointment of Internal Auditor of the Company for financial year 2026-27.
RAMASTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rama Steel Tubes Ltd held its Board Meeting on May 30, 2026, approving multiple items. The company reported audited standalone revenue of Rs 9,543.38 lakhs for FY 2025-26 (up 13.6% YoY) with PAT of Rs 1,453.49 lakhs, and consolidated revenue of Rs 11,241.19 lakhs with PAT of Rs 1,094.70 lakhs. The Board appointed Mr. Sumit Sharma as Internal Auditor for FY 2026-27 - he has over 6 years of experience in accounting, internal auditing, compliance, and risk assessment. Additionally, the company approved the strike-off of its non-operational wholly-owned subsidiary Rama Defence Private Limited (net worth Rs 18,000), which had no business since incorporation. The registered office is shifting within Delhi, while the corporate office is moving to Noida, Uttar Pradesh. The statutory auditor gave an unmodified opinion on the financial results.
The filing shows routine administrative changes with no major governance concerns. The appointment of a new internal auditor and subsidiary strike-off are neutral to mildly positive for operational efficiency. Financial performance shows healthy growth in standalone revenue, though consolidated profits declined YoY.