Rama Steel Tubes logo

Rama Steel Tubes CEO, MD, chairman, board of directors and AGM

NSE: RAMASTEELBSE: 539309Industrial ProductsSmall Cap

Last close ₹3.66down ₹0.07 (1.88%)BSE ₹3.67

Share price at the NSE close on 23 Oct 2026. Previous close ₹3.73.

52-week range of traded prices to 23 Oct 2026
₹3.43Low, 30 Mar 2026₹11.29High, 12 Dec 2025
Market cap
₹599 Cr1,466th largest listed
P/E
Earlier quarters restated in the year
P/B
1.3
Dividend yield
Nonein the last 12 months
ROCE
2.5%
Debt to equity
0.27
Volume, NSE
9,44,047

Rama Steel Tubes board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorNARESH KUMAR BANSAL
  • Chief executiveRICHI BANSAL
  • Company Secretary and Compliance OfficerVikas Sharma

6 directors3 independent3 executive

  • NARESH KUMAR BANSAL · Chairperson and managing directorExecutive · joined Feb 1974 · reappointed Oct 2025 · 1 listed board · 1 committee seat
  • RICHI BANSAL · Chief executiveExecutive · joined May 2007 · reappointed Oct 2023 · 1 listed board · 1 committee seat
  • RAKESH CHATURVEDIExecutive · joined Jan 2026 · 1 listed board
  • JAI PRAKASH GUPTAIndependent · joined Sep 2020 · reappointed Sep 2025 · 71 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • ANJU GUPTAIndependent · joined Jan 2017 · reappointed Jan 2022 · 115 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • SAURABH SHASHWATIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 3 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • HARI SHANKAR SINGH, left 8 Jan 2026: Others
  • VINOD PAL SINGH RAWAT, left 30 Jun 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 22 Sep 20265 of 6 present3 independent · 38 days in between
    • 14 Aug 20265 of 6 present3 independent · 27 days in between
    • 17 Jul 20265 of 6 present3 independent · 47 days in between
    • 30 May 20266 of 6 present3 independent

  • Audit Committee

    Chair SAURABH SHASHWAT

    ANJU GUPTA, JAI PRAKASH GUPTA, NARESH KUMAR BANSAL

    • 22 Sep 20263 of 4 present3 independent · 38 days in between
    • 14 Aug 20263 of 4 present3 independent · 27 days in between
    • 17 Jul 20263 of 4 present3 independent · 47 days in between
    • 30 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair JAI PRAKASH GUPTA

    ANJU GUPTA, SAURABH SHASHWAT

    • 14 Aug 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair JAI PRAKASH GUPTA

    ANJU GUPTA, SAURABH SHASHWAT, RICHI BANSAL

    • 14 Aug 20263 of 4 present3 independent

  • Risk Management Committee

    Chair NARESH KUMAR BANSAL

    RICHI BANSAL, JAI PRAKASH GUPTA, ANJU GUPTA

    • 14 Aug 20263 of 4 present3 independent

  • Corporate Social Responsibility Committee

    Chair ANJU GUPTA

    NARESH KUMAR BANSAL, RICHI BANSAL, SAURABH SHASHWAT

    • 14 Aug 20263 of 4 present3 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s Rawat & AssociatesPeer-review certificate valid to Oct 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Rama Steel Tubes AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Rama Steel Tubes dividend history

Extraordinary general meeting, 21 Oct 2026

8,08,534 shareholders on the register on 14 Oct 2026; present: 6 promoters and 63 others; votes counted by ARUN KUMAR GUPTA / ARUN KUMAR GUPTA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. ALTERATION OF CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.18%

    Turnout: all 32.69% · promoters 95.21% · institutions 5.57% · other public 0.06%

  2. TO ISSUE OF EQUITY SHARES TO PERSON(S) BELONGING TO NON-PROMOTER CATEGORY ON A PREFERENTIAL BASIS
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.18%

    Turnout: all 32.69% · promoters 95.21% · institutions 5.57% · other public 0.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2026, 4 resolutions

8,11,157 shareholders on the register on 23 Sep 2026; present: 6 promoters and 77 others; votes counted by ARUN KUMAR GUPTA / ARUN KUMAR GUPTA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY (CONSOLIDATED AND STANDALONE) FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, AND THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREON.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

    Turnout: all 32.49% · promoters 95.13% · institutions 5.57% · other public 0.57%

  2. To appoint a director in place of Mr. Rakesh Chaturvedi (DIN: 01107166), who is liable to retire by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.35%

    Turnout: all 32.49% · promoters 95.13% · institutions 5.57% · other public 0.57%

  3. APPOINTMENT OF MS. ANJU KUMARI (DIN: 10729753) AS NON-EXECUTIVE, INDEPENDENT WOMAN DIRECTOR OF THE COMPANY.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.19%

    Turnout: all 32.49% · promoters 95.13% · institutions 5.57% · other public 0.57%

  4. RATIFICATION OF REMUNERATION PAYABLE TO COST AUDITORS OF THE COMPANY FOR THE FINANCIAL YEAR 2026-27
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.51%

    Turnout: all 32.49% · promoters 95.13% · institutions 5.57% · other public 0.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 14 Feb 2026, 4 resolutions

8,20,901 shareholders on the register on 7 Feb 2026; present: 5 promoters and 57 others; votes counted by ARUN KUMAR GUPTA / ARUN KUMAR GUPTA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. TO MAKE INVESTMENTS, GIVE LOANS, GUARANTEES AND SECURITY IN EXCESS OF LIMITS SPECIFIED UNDER SECTION 186 OF THE COMPANIES ACT, 2013.
    Special
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 99.91% · other public 8.00%

    Turnout: all 32.21% · promoters 84.67% · institutions 3.04% · other public 0.14%

  2. TO APPROVE THE ISSUANCE OF EQUITY SHARES ON PREFERENTIAL BASIS.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.81%

    Turnout: all 32.21% · promoters 84.67% · institutions 3.04% · other public 0.14%

  3. VARIATION IN THE OBJECTS MENTIONED IN THE EGM NOTICE DATED MAY 26, 2025, FOR UTILISATION OF ISSUE PROCEEDS OF THE PREFERENTIAL ISSUE
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.63%

    Turnout: all 32.21% · promoters 84.67% · institutions 3.04% · other public 0.14%

  4. TO APPROVE THE APPOINTMENT OF MR. RAKESH CHATURVEDI (DIN: 01107166) AS THE EXECUTIVE DIRECTOR OF THE COMPANY.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.72%

    Turnout: all 32.21% · promoters 84.67% · institutions 3.04% · other public 0.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2025, 7 resolutions

8,74,018 shareholders on the register on 23 Sep 2025; present: 5 promoters and 80 others; votes counted by ARUN KUMAR GUPTA / ARUN KUMAR GUPTA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. ADOPTION OF FINANCIAL STATEMENTS
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.19%

    Turnout: all 33.73% · promoters 84.67% · institutions 10.72% · other public 0.09%

  2. APPOINTMENT OF DIRECTOR IN PLACE OF MR. RICHI BANSAL (DIN: 00119206), WHO IS LIABLE TO RETIRE BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.72%

    Turnout: all 33.73% · promoters 84.67% · institutions 10.72% · other public 0.09%

  3. RE-APPOINTMENT OF MR. NARESH KUMAR BANSAL (DIN: 00119213) AS A CHAIRMAN AND MANAGING DIRECTOR OF THE COMPANY.
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.82%

    Turnout: all 12.71% · promoters 31.67% · institutions 10.72% · other public 0.09%

  4. RE-APPOINTMENT OF MR. JAI PRAKASH GUPTA (DIN: 08859202) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.85%

    Turnout: all 33.73% · promoters 84.67% · institutions 10.72% · other public 0.09%

  5. TO APPROVE THE APPOINTMENT OF MR. HARI SHANKAR SINGH (DIN: 11233459) AS THE WHOLE- TIME DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.15%

    Turnout: all 33.73% · promoters 84.67% · institutions 10.72% · other public 0.09%

  6. APPOINTMENT OF M/S. ARUN KUMAR GUPTA & ASSOCIATES (FIRM REGISTRATION NO. S2004DE075500), COMPANY SECRETARIES AS SECRETARIAL AUDITOR OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.64%

    Turnout: all 33.73% · promoters 84.67% · institutions 10.72% · other public 0.09%

  7. RATIFICATION OF REMUNERATION PAYABLE TO COST AUDITORS OF THE COMPANY FOR THE FINANCIAL YEAR 2025-26
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.32%

    Turnout: all 33.73% · promoters 84.67% · institutions 10.72% · other public 0.09%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 18 Jun 2025, 2 resolutions

9,23,977 shareholders on the register on 11 Jun 2025; present: 6 promoters and 56 others; votes counted by ARUN KUMAR GUPTA / ARUN KUMAR GUPTA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. TO ISSUE OF EQUITY SHARES TO PERSON(S) BELONGING TO NON-PROMOTER CATEGORY ON A PREFERENTIAL BASIS
    Special
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.45%

    Turnout: all 41.50% · promoters 86.27% · institutions 8.17% · other public 0.16%

  2. ALTERATION OF OBJECT CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.32%

    Turnout: all 41.50% · promoters 86.27% · institutions 8.17% · other public 0.16%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 4 Jan 2025, 1 resolution

8,63,853 shareholders on the register on 28 Dec 2024; present: 6 promoters and 47 others; votes counted by ARUN KUMAR GUPTA / ARUN KUMAR GUPTA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. TO APPROVE THE ISSUANCE OF EQUITY SHARES ON PREFERENTIAL BASIS.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 42.93% · promoters 86.27% · institutions 42.80% · other public 2.93%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 12 Oct 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. SAURABH SHASHWAT (DIN: 10074130) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    99.06% for0.94% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.23%

    Turnout: all 42.89% · promoters 85.26% · institutions 1.10% · other public 3.86%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 3 resolutions

Present: 6 promoters and 73 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statement along with Report of the Board of Directors and Auditors thereon for the Financial Year ended 31st March, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 42.47% · promoters 85.60% · institutions 4.98% · other public 2.72%

  2. To appoint a Director in place of Mr. Vinod Pal Singh Rawat (DIN: 09228722), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 42.47% · promoters 85.60% · institutions 4.98% · other public 2.72%

  3. To Approve remuneration of the Cost Auditors for the financial year ending March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 42.47% · promoters 85.60% · institutions 4.98% · other public 2.72%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 14 Feb 2026, 1 fund house

  • TO MAKE INVESTMENTS, GIVE LOANS, GUARANTEES AND SECURITY IN EXCESS OF LIMITS SPECIFIED UNDER SECTION 186 OF THE COMPANIES ACT, 2013.
    1 for0 against
  • TO APPROVE THE ISSUANCE OF EQUITY SHARES ON PREFERENTIAL BASIS.
    1 for0 against
  • VARIATION IN THE OBJECTS MENTIONED IN THE EGM NOTICE DATED MAY 26, 2025, FOR UTILISATION OF ISSUE PROCEEDS OF THE PREFERENTIAL ISSUE
    1 for0 against
  • TO APPROVE THE APPOINTMENT OF MR. RAKESH CHATURVEDI (DIN: 01107166) AS THE EXECUTIVE DIRECTOR OF THE COMPANY.
    1 for0 against

Mutual fund votes, meeting of 30 Sep 2025, 1 fund house

  • ADOPTION OF FINANCIAL STATEMENTS
    1 for0 against
  • APPOINTMENT OF DIRECTOR IN PLACE OF MR. RICHI BANSAL (DIN: 00119206), WHO IS LIABLE TO RETIRE BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT
    1 for0 against
  • RE-APPOINTMENT OF MR. NARESH KUMAR BANSAL (DIN: 00119213) AS A CHAIRMAN AND MANAGING DIRECTOR OF THE COMPANY.
    1 for0 against
  • RE-APPOINTMENT OF MR. JAI PRAKASH GUPTA (DIN: 08859202) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    1 for0 against
  • TO APPROVE THE APPOINTMENT OF MR. HARI SHANKAR SINGH (DIN: 11233459) AS THE WHOLE- TIME DIRECTOR OF THE COMPANY
    1 for0 against
  • APPOINTMENT OF M/S. ARUN KUMAR GUPTA & ASSOCIATES (FIRM REGISTRATION NO. S2004DE075500), COMPANY SECRETARIES AS SECRETARIAL AUDITOR OF THE COMPANY
    1 for0 against
  • RATIFICATION OF REMUNERATION PAYABLE TO COST AUDITORS OF THE COMPANY FOR THE FINANCIAL YEAR 2025-26
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Dec 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states and its own uses differ by fifty times or more, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesMay 2025, checked by Brickwork Ratings India Private Limited–Support the expansion of business way of acquisition of business entity in India or Abroad––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.