Rama Steel Tubes Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on Jun 18, 2025
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Rama Steel Tubes Limited has submitted the consolidated scrutinizer's report for the EGM held on June 18, 2025, which was conducted via video conferencing with e-voting facilitated by NSDL. Two resolutions were passed with overwhelming shareholder approval. Resolution 1 — issuance of equity shares to non-promoter persons on a preferential basis — was approved with 99.995% votes in favour (6,44,96,599 shares in favour versus 32,061 shares against). Resolution 2 — alteration of the object clause of the Memorandum of Association — was also approved with 99.995% votes in favour (6,44,96,9356 shares in favour versus 30,639 shares against). No invalid votes were recorded on either resolution. The scrutinizer, Arun Kumar Gupta, confirmed the e-voting process was conducted in a fair and transparent manner.
Shareholders have approved a preferential equity share issue to non-promoters, which will lead to dilution of existing shareholdings, and have also cleared a change in the company's stated business objects, giving the company broader operational flexibility going forward.