Rama Steel Tubes Limited has informed the Exchange regarding change in Registered Office of the company.
RAMASTEEL · price
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Rama Steel Tubes Limited reported its board meeting outcomes on May 30, 2026. Standalone FY26 revenue grew 13.6% to Rs 9,543 Lakhs with PAT up 3.8% to Rs 1,453 Lakhs. However, consolidated PAT declined sharply by 51.9% to Rs 1,095 Lakhs versus Rs 2,274 Lakhs in FY25, largely due to trading segment losses. The company appointed Mr. Sumit Sharma as Internal Auditor for FY27 and approved striking off dormant subsidiary Rama Defence Private Limited (net worth Rs 18,000 only). The Income Tax Department has issued a draft assessment order proposing total income of Rs 71.96 crores vs returned income of Rs 22.48 crores for AY 2023-24, with the company filing objections before DRP. The registered office will shift within Delhi from Ghazipur to Swasthya Vihar, while the corporate office moves to Noida.
The sharp decline in consolidated profitability and negative operating cash flow of Rs 1,088 Lakhs are concerning. The Rs 49.48 crore tax assessment dispute adds uncertainty despite no provision being made. The office relocation is administrative with no material business impact. The EPS declined from Rs 0.15 to Rs 0.08 on consolidated basis.