Rama Steel Tubes Limited has informed the Exchange regarding Resignation of Mr. Manish Kumar as Company Secretary & Compliance Officer of the company w.e.f. August 12, 2025.
RAMASTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rama Steel Tubes reported a strong Q1 FY26 (quarter ended June 30, 2025) with standalone revenue from operations of Rs. 24,266.56 lakhs, up ~53% year-on-year, and profit after tax of Rs. 644.56 lakhs, up ~149% YoY; EPS stood at Rs. 0.04. Consolidated revenue was Rs. 26,813.45 lakhs with PAT of Rs. 495.64 lakhs. The Board approved the resignation of Mr. Manish Kumar as Company Secretary & Compliance Officer (effective August 12, 2025) and appointed Mr. Vikas Sharma (ICSI M. No: A75640) in his place. Mr. Hari Shankar Singh was appointed as Additional Executive Director, and Mr. Naresh Kumar Bansal was re-appointed as Managing Director for five years (Oct 1, 2025 to Sep 30, 2030). The Board also appointed M/s. Arun Kumar Gupta & Associates as Secretarial Auditor for 5 years, and re-appointed the Internal and Cost Auditors. The 51st AGM is scheduled for September 30, 2025. During the quarter, the company allotted ~19.16 crore equity shares via preferential issuance and acquired a 24.80% stake in Bigwin Buildsys Coated Pvt. Ltd., making it an associate company.
Strong Q1 earnings growth and successful management transition (immediate in-house replacement for the Company Secretary) should be viewed positively by shareholders. The preferential share allotments and new associate company expansion signal active growth moves, though the auditor's qualified opinion on subsidiary RST Industries Limited (unaudited, loss-making) is a minor governance flag to watch.