Rama Steel Tubes Ltd.

Manufacturers & Exporters; ERWSfeel lubes (Black & Galvanised)

CIN : L27201DL1974PLC007114
Regd. Office

&nut

AN ISO 9001 :2008 CO.

No. 7, 1st Floor, Surya Niketan, Vikas Marg, New Delhi-110092 Ph. : 01143656667, 43656668 Fax:01143656699
E-mail : investors@ramasteel.com, info@ramasteel.com, Website :www.ramasteel.com

Date: November 8,201,6

To

Listing

The Manager National Stock Exchange of India Ltd

Exchange Plaza, Bandra Kurla Complex
Bandra
Mumbai - 400
Svmbol: RAMASTEEL

(East)
051

I The Secretary

I
I
|
|

Corporate Relationship Dept.

BSE

Limited

e.;. towers, Dalal Street,

Mumbai- 400 001
Scrip Code: 539309

Sub: Outcome of Board Meetina held on November 8,2076

Dear Sir

f Madam,

This is to inform you that the Board of Directors in their meeting held today i.e.
November 8,20t6; commenced at 12:30 p.m. and concluded att:45 p.m. has considered
and approved Un-audited Standalone and Consolidated Financial Results for the quarter
and half year ended September 30,20t6.
In this regard, please find enclosed herewith the following:

7. The Unaudited

Standalone and Consolidated Financial Results of the Company for

the quarter and half year ended September 30,20L6.

2. Limited Review

Report for the Unaudited Standalone and Consolidated Financial

Results of the Company for the quarter and half year ended September 30, 20L6,
from the Statutory Auditors, M/s VAPS & Company, Chartered Accountants in terms
of Regulation 33 of SEBI (LODR) Regulation,20t5.

Further we wish to inform you that the Board of Directors has:

3.

Approved acquisition of L00o/o equity shares of M/s Lepakshi Tubes Private Limited,
which is putting up a project to manufacture Steel Tubes/Hollow sections/Pipes at
Lepakshi, Distt Anantpur [A.P.).
As required under Regulation 30 of the SEBI (LODR) Regulation,20L5, the requisite
information is enclosed herewith as Annexure-A.

You are requested to kindly take the above in

B-21, 8-25/1, Site

M.

ur records.

(U.P.) Pn. : 01 20-4569788

Thanking You,
Yours Faithfully,
For Rama Steel Tubes Limited

L-"=-fl

Kapil Datta
(Company Secretary)

G-42, South Extension Part-ll

New Delhi- 110 049
Ph. : 011-41645051 (4 Lines)
Fax : 011-41644896

VAPS & COMPANY

CHARTERED ACCOUNTANTS

E.mail : vapscompany@gmail.com
TIMITED REVIEW REPORT

The Board of Directors

Rama Steel Tubes Limited
No. 7, 1.i F-loor, Surya Niketan,
Vikas Marg, New Delhi-110092

We have reviewed the accompanying statement of Un-Audited Consoliciated Financiai Results af

M/S RAMA STEEL TUBES TIMITED for the quarter/half year ended 30tr, September 2O16.
Thi.'s siaternent is the responsibility ol the Company's Management and has been approved bir
the Board ol Directors/ committee of Board of Directors. Our responsibility is to issue a report
on these financial statements based on our leview.
We conducted our review in accordance with the Standard on Review Engagement ISREJ 2400,
Ertgagemenis to Review Financial Statements issued by the institute of Chartered Accountants
ol lirdia. This standard requires that we plan and perlorm the review' to obtain moderate
assurance as to whether the linancial stater.nents are free of material r.nisstatement, A levierv is
limited primarily to inquiries of company personnel and analytlcal procedures applied to
linancial daia and thus provides less assurance than an audit. We have not performed an audit
and accordingly, we do not express an audit opinion,
We have not reviewed the linancial statement of the one subsidiarv included in the consotidated

quarterly/half yearly financial results.These financiai statements and other financial

inflormatiort have been reviewed/certified by the other auditor clr Con.ipany's managentent and
lurnished to us, and our opinion, in so far as it relates to the amount inclrded in respect of the
one subsidiary company, are based solely on those reviewed/certified financial statements.
Based on our revie'"v conducted as above, nothing has come [o our attentior.r that causes us to
beiieve that the accompanying statement olunaudited linancial results prepared in accordance
rvith applicahle accounting standards and other recognised accounting practices and policies
has rtct disclosed the inlormation required to be disclosed in terms of Regulation 33 of the
SEtsliListing Obligation and Disclosure RequirementJ Reguiations, 2015 includingthe mannel ir.r
whirh it is to be disclosed, or that it contains any material misstatement.

For VAPS & Company

Chartered Accountants
Firm Registration No.: 003612N

Partrrer

Membership No. - 082498

Place: Nerv Delhi
Dal-e. 08.11.20 L6

RAMA STEEL TUBES LIMITED

Regd. Office: No.Z 1st Floor, Surya Niketan,

Vi <as Marg, New Delhi-110092

C IN L27201DL197 4PLC007 114

E mail
rrt

1,

ID : info@ramasteel.com, investors@ramasteel.com Website : www,ramasteel.com

Ph. No. 017-43656657, 43656668 Fax No.011-43655699

F in Lacs

Statement of Consolidated Financial Results for Quarter ended 30th Sept 2016
Half Year ended on
Quarter ended on
Particulars
30-09-2016
30-06-201,6
30-09-2015
30-09-2016
30-09-2015
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)
Income from operations
(a)Net sales /Income from Operations
5,882.47
6,542.51
6,156.85
12,425.01
1L,368.15

except EPS)
Year ended on
31.-03-2016

(Audited)
24,194.89

(Net of Excise Duty)

(b) Other operating income

(3.34)

18.53

66.37

15.19

144.83

133.52

5,879.13

6,567.07

6,223.22

42,M0.20

lL,512.98

24,328.41,

4,521..85

5,118.43

4404.64

9,640.28

9,438.77

1,8,241.77

439.28

979.0Q

761,.40

1',418.28

1,067.20

2,483.73

62.44

(421.63)

280.02

(35e.1e)

(2e4.87)

496.97

(d) Employee benefits expense

75.98

70.91

82.58

1,46.89

1,52.24

377.77

Depreciation and Amortisation expense

(fl Other expenses

66.81

55.38

83.31

122.19

134.80

284.81

238.67

295.68

297.31

534.35

538.27

1,203.07

5,405.03

6,097.77

5,909.26

11,502.80

11,,036.41

23,022.12

474.10

463.30

31,3.96

937.40

476.57

'1,,306.29

35.38

28.66

44.15

64.04

83.82

174.73

Iotal income from operations

(net)

Expenses
a) Cost of materials consumed
(b) Purchase of stock in trade
(c) Changes

in inventories of finished goods,

work -In-progress and stock-in-trade

(e)

Iotal
3

expenses

Profit/(Loss) from operations before other

income, finance costs and exceptional items
(1-2)

Other income

Profit/(Loss) from ordinary activities before

finance costs and exceptional items (3+/-4)

509.48

491.96

358.11

1,00L.44

560.39

7,481.02

Finance costs

746.78

124.21.

149.39

270.99

285.53

618.39

Profifl(Loss) from ordinary activities after

finance costs but before exceptional items

362.70

367.74

208.72

730.45

274.86

862.63

362.70

367.74

208.72

730.45

274.86

862.63

(s+/-61
8

Exceptional Items

Profit/ (Loss) form ordinary activities before

9

10

11

tax (7+/-8)

Iax expense (Deffered Tax)

Iax expense (Current Tax)
Iax expense (Earlier Years)

5.23
95.32

(3.41)
110.30

10.40

1.81

5.92

4.68

36.90

205.62

59.38

255.30

0.31

0.32

0.31

Net Profit/(Loss) from ordinary activities after

tax (9+/-10)

12

Extraordinary items (net of tax expense

Rs....Lakhs)

1,3

Net Profit/(Loss) for the period (11+/-12\

14

Share of

15

Minority Interest"

262.16

260.86

461,.41,

523.02

209.25

602.32

262.L6

260.86

1"6L.1L

523.02

209.25

602.32

262.1,6

260.86

1,61,.11,

523.02

209.25

602.32

74670

746.70

1,49.34

746.70

1.49.34

746.70

Profit/(Loss) of associates

Net profit/ (Loss) afer taxes, Minority interest

and share of profit/(Loss) of associates _

14+_15)*

ffi

1,6

('13+

17

i;i::ffiHi*'5i::::il",ci'#i,t,)F)
tl
v

\-/.'r

a+'O2

Reserve excluding Revaluation Reserve as per

18

balance sheet of previous accounting year

L9

Earnings per share (Before/After

extraordinary items)
(a) Basic
(b) Diluted

1,,825.41

1,,825.41,

7,825.41.

7,825.41.

1,,825.41,

1,825.41

1.76

1.75

10.79

3.50

1,4.01

4.03

1.76

1.75

1,0.79

3.50

1,4.01,

4.03

Statement of Segment wise Revenue, Results, Assets & Liabilities

Quarter ended on

Particulars

S.Nc

so-os-2016
1,

30-09-2015

Year ended on
37-03-2016

Manufacturing - Steel Pipe

Trading - Steel Products

5,428.52

5,518.50

5,375.58

10,947.02

1,0,349.37

450.61

1,,042.57

847.64

1493.18

1,,1,63.61,

2,649.37

Total

5,879.13

6,56L.07

6,223.22

12,M0.20

11,,512.98

24,328.41

Segment Results
Manufacturing - Steel Pipe
Trading - Steel Products

522.92

447.97

303.31

970.89

496.M

L,386.09

43.99

54.80

30.55

63.95

94.92

Total

509.48

491.96

358.11

1.,001.M

560.39

L,48L.02

1,46.78

124.21,

1,49.39

270.99

285.53

618.39

362.70

367.74

208.72

730.45

274.86

862.63

10,805.73

9,603.31.

9,950.36

10,805.73

9,950.36

10,283.59

455.99

68L.25

291.1.4

455.99

291.1,4

435.22

11,261.71,

10,284.56

10,241.50

11.,26L.71

10,241,.50

14,71,8.81,

7,997.65

7,220.77

7,851.00

7,997.65

7,851..00

7,794.55

68.43

73L.43

111,.47

68.43

111..47

252.1,5

8,066.08

7,351.60

7,962.47

8,066.08

7,962.47

8,046.70

(13.44)

Finance Cost

21,679.1,0

Exceptional Items

Profit before Tax

Segment Assets

Manufacturing - Steel Pipe

Trading - Steel Products
4

Half Year ended on

30-09-2016

soos-zors

Segment Revenue

Less:
Add:
J

sooo-zors

Segment Liabilities

ManuJacturing - Steel Pipe

Trading - Steel Products

Notes:

1.

The above Quarterly Financial results duly reviewed by the Audit committee, have been approved by the Board of Directors in its meeting
held on 08-11-2016.

2.

The Company Pursues only one reportible'Business Segment viz. Manufacturilg of Steel Pipes. However as its wholly owned subisidiary
company in Dubai viz. RST International Trading FZE is pursuing the business of Trading of Steel Products and Non Ferrous Metal
Products the Segment wise Results are given above.

3.

The EPS for the Quarter ended 30-09-201,6, Quarter ended 30-06-2016, Half Year ended 30-09-2016 and Year ended 31.-03-2016 are calculated
lupon1,,49,34,000 Equity Shares of Rs.5/- each while for Quarter ended 30-09-2015 and Half Year ended 30-09-2015 it is calculated upon
14,93,400 Equity Shares of Rs.10/- each

4.

Standalone Results as on 30-09-2016 are as under:-

Particulars

Quarter encled
30/09 /2016

Half Year

Preceding
Quarter er-rded
Quarter ended 30/0e /20\5

30/06/2016
Net Sales

Income From Operations

Profit Before Tax

Profii AfterTax
5.

endecl

Correspondng
Quarter ended

30/09/2016

30/09 /2015

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

5,428.52

5,518.50

5,375.58

10,947.02

5,375.58

21,679.10

'376.19

324.67

1,54.68

701,.70

154.68

769.77

275.96

217.72

707.07

493.67

707.07

509.46

for Rama Steel Tubes Ltd.

/
Place: New Delhi

31.-03-201.6

(Unaudited)

Previous period's/ Year's figures have been regrouped/ recast wherever applicable.

Date:08-11-2016

Year ended

Naresh Kumar Bansal

Managing Director

DIN:

00119213

(Audited)

Statement of Consolidated Assests and Liabilities

As at
EQUITY AND LIABILITIES

A
1,

2
3

Shareholders's funds
(a) Share Capital
(b) Reserve and Surplus
(c ) Money received against share warrants
Sub-total- Shareholder's funds
Share application money uendinq allotment

t in Lacs)
As at

30-09-2016

37-03-2016

(Unaudited)

(Audited)

846.70

846.70

2,348.93

1.,825.41

3,195.63

2,672.71

1417.46

1,,682.42

33.91

32.1,0

Minority interest
Non- Current Liabilities
(a) Long-term

borrowings

(b) Deferred tax liabilities (net)

c) Other lons-term

liabilities

(d) Long-term Provisions

7,457.37

'1,714.52

urrent liabilities
(a) Short-term borrowings

2,928.54

3,752.76

(b) Trade payables

1,747.76

1,,580.74

Other current liablities

(d) Short-term provisions
Sub-Total - Current liabilities
Total- EQUITY AND LIABILITIES

1,635.67

760.20

Sub-total- Non Current Libilities

5

(c )

ASSETS

Non-Current Assets

302.73

'238.47

6,674.70

6,332.17

77,261,.70

10,718.80

1,949.43

1,650.63

'a) Fixed Assets

(i)

Tangible Assets

(ii) Intangible

Assets

(iii) Capital Work-In-Progress

16.35

11.6.74

215.99

L,216.08

775.51

110.37

2,357.28

3,093.82

(b) lnventories

3,s88.65

3,1.67.M

(c ) Trade Receivables

2,277.03

2,353.62

(d) Cash and Cash equivalents

1,629.48

(e) Short-term loans and advances

1,,409.26

66L.53
-1,442.39

'c

) Non-Current invesfunents
'd) Deferred
tax assets (net)
e) Long-term loans and advances
(f) Other non-current assets
Sub-total- Non Current Assets
2

Current

Assets

(a) Current investrnents

$ Other current

assets

Sub-total-Current Assets
TOTAL-ASSETS

8,904.42

7,624.98

11",267.70

10718.80

for Rama Steel Tubes Ltd.

rl.---------\
Naresh Kumar Bansal
Date: 08-11-2016
Place: New Delhi

Managing Director
DIN:00119213

C-42, South Extension Part-ll

New Delhi - 110 049
Ph. : 01 1-41645051 (4 Lines)
Fax : 011-41644896

VAPS & COMPANY

CHARTERED ACCOUNTANTS

E.mail : vapscompany@gmail.com

LIMITED REVIEW REPORT

The Board of Directors

Rama Steel Tubes Limited
No. 7, 1.t Floor, Surya Niketan,

tlikas l,'larg, New Delhi-1rcA92

We liave reviewed the accompanying staternent of Un-Audited Standalone Financial Results of
M/S RAMA STEEL TUBES TIMITED for the quarter/half year ended 30th September 2016.
I'his statement is the responsibility of the Company's Management and has been approved by
the Board of Directorsf committee ol Board of Directors. Our responsibility is to issue a report
on these financial statements based on our review.
We conducted our review in accordance with the Standard on Review Engagement ISREJ 2400,
Engagements to Review Financial Statements issuecl by the Institute of Chartered Accountanis
of lnclia. This standard requires that r,r,e plan and perfornt the review to obtain moderate
.:lssul'allce as to whether the financial statements are free of material misstatetnent. A t'evier,v is

lililifecl primarily to inquiries ol company personnel anci ana]ytical procedures appiied to

financial riata and thus provides less assurance than an audit. We have not perfbrmed an audit
iintl ;rccordingly,
do r.rot express an audit opinion.
"ve

Based on our revierv conducted as above, nothing has come to our attention that causes us to
Lrelreve that the accompanying staternent of unaudited financiai results prepared in accordance

rvith applicable accounting standards and other recognised accounting practices and policies
has ttot clisclosed the information required to be dlsclosed in terms o[ Regulation 33 of the
SEBlii.istiirg Obligation anci Disclosi-rre RequirernentJ Regularions, 2015 including the rnanner in
lvhich it is to be disclosed, orthat it contains anv material misstatemenr.
For \rAPS & Company
Chartered Accountants
Firrn Registratiorr No.: 003612N

i-tner
Mernbership No. - 082498
Pa

Place: Ne'w Delhi

Dare:08.11.2016

RAMA STEEL TUBES LIMITED

Regd. Office: No.7,lst Floor, Surya {iketan, Vikas Marg, New Delhi-l1}Og2
cI N L2 7201 DL197 4PLC007 114
E-mail ID : info@ramasteel.com, investors@ramasteel.< :om Website: www.ram steel.com
Ph. No. 011-43656667,43656668 Fax No.011 .43656699

({ in Lacs except
Statement of Standalone Financial Results for the Quarter and Half Year ended 30th Sept 2016
Half Year ended on
Quarter ended on
Particulars
30-09-2016
30-06-201.6
30-09-2015
30-09-2076
30-09-2015
1

(Unaudited)

(Unaudited)

5,431.86

5,499.97

(b) Other operating income

(3.34)

Iotal income from operations (net)

37-03-20't6

(Audited)

5,309.59

10,931.83

"t0,205.07

21,545.58

18.53

66.00

15.19

144.31

133.52

5,428.52

ts18.s0

5,375.58

70,947.02

70,u9.37

21.,679.10

4,521.85

5,118.43

4,404.64

9,640.28

9,438.77

18,241.77

Expenses

materials consumed
in trade
(c) Changes in inventories of Finished goods,
work in-progress and stock-in-trade
(a) Cost of

(b) Purchase of stock

3.97

62.M

(d) Employee benefits expense

(e)

Depreciation and Amortisation expense

Other expenses

$
Iotal
3

Year ended

Income from operations

(a)Net sales /Income from Operations
(Net of Excise Duty)

(Unaudited) (Unaudited) (Unaudited)

EPS)

expenses

Profit/(Loss) from operations before other

income, finance costs and exceptional items (1

3.97

4.51

(421.63)

280.02

(35e.1e)

(2e4.87)

496.97
293.38

67.53

65.75

75.06

133.28

144.72

66.81

55.38

83.31

122.19

134.80

284.77

222.34

281.26

269.44

503.60

509.38

1,145.89

4,940.97

5,099.19

5,776.42

10,040.1.6

9,936.75

20,467.29

487.55

419.3't

259.76

906.86

412.62

7,211.81

35.37

28.66

44.15

64.03

83.82

174.28

522.92

447.97

303.31

970.89

496.44

1,386.09

2)

Other income

Profit/(Loss) from ordinary activities before

finance costs and exceptional items (3+/-4)

Finance costs

146.43

123.36

148.63

269.79

284.77

616.33

Profit/(Loss) from ordinary activities after

finance costs but before exceptional items
(s+/-6)

376.49

324.61

154.68

707.10

21]..67

769.77

Exceptional Items

Profit/ (Loss) form ordinary activities before

376.49

324.67

154.68

701.10

211..67

769.77

tax (7+/-81
10

Iax expense (Deffered Tax)

Iax expense (Current Tax)
Iax expense (Earlier Years)

5.22
95.32

(3.41)
110.30

10.40

1.81

5.92

4.68

36.90

205.62

59.38

255.30

0.31

0.32

0.31

1'I Net Profit/(Loss) from ordinary activities after

tax (9+/-10)
12

275.96

277.72

107.07

493.67

146.06

509.46

275.96

217.72

107.07

493.67

146.06

509.46

Extraordinan'items (net of tax expense

Rs....Lakhs)

13

Net Profit/(Loss) for the period (11+/-72)

14

Slrare of Profit/ (Loss) of

,,4

R\

associates , A\
!4,
S/
Var.. \-.
4,
4 'cLHl ) ,/i

+'r

r'

N.A

N.A

N.A

N.A

N.A

15

,'vlinoriff Interest*
Net profit/ (Loss) afer taxes, Minority interest
and share of profit/(Loss) of associates

N.A

N.A

N.A

N.A

N.A

N.A

275.96

217.72

707.07

493.67

146.06

509.46

746.70

746.70

149.34

746.70

149.34

746.70

1.,732.54

1,732.54

1.,732.54

"r,732.54

1,732.54

1,732.54

(a) Basic

1.85

1.46

7.17

3.31

9.78

3.41

b) Diluted

1.85

1.46

7.17

3.31

9.78

3.4't

16

(13+_14+_15)*

17

Paid-up equity share capital

(Face value of Rs.S/-bach )

18

Reserve excluding Revaluation Reserve as per

balance sheet of previous accounting year

19

Earnings per share (Before/After

extraordinary items)

Not

1..

The above Quarterlv Financial results duly reviewed by the Audit committee, have been approved by the Board of Directors in its

meeting held on 08-11-2016.

2.

The Companv pursues only one reportible Business Segment viz. Manufacturing of Steel Pipes. As such no segment reportir-rg is
there.

3.

The EPS for the Quarter ended 30-09-2016, Quarter ended 30-06-2016, Half Year ended 30-09-2076 and Year ended 31.-03-201.6 are
calculated upon1,49,34,000 Equity Shares of Rs.5/- each while for Quarter ended 30-09-2015 and Half Year ended 30-09-2015 it is
calculated upon1,4,93,400 Equilv Shares of Rs.10/- each

4.

Previous period's/ Year's figures have been regrouped/ recast wherever applicable.

for Rama Steel Tubes Ltd.

rd-----\
,fl
Date: 08-11-2016
Place: New

Delhi

.:-.

\ *fy,

,
.a.,,,.

Naresh Kumar Bansal

Managing Director
DIN:00119213

Statement of Stanadalone Assests and Liabilities

As at

1.

2
J

EQUITY AND LIABILITIES

Shareholders's funds
a) Share Capital

t in Lacs)

30-09-2016

As at
37-0T2076

(Unaudited)

(Audited)

846.70

846.70

(b) Reserve and Surplus

) ))6 ))

1,732.54

(c ) Money received against share warrants

Sub-total- Shareholder's funds
Share application money pending allotment

3,072.92

2,579.24

1,417.46

1,682.42

33.91

32."t0

'L,451.37

7,714.52

Current liabilities
(a) Short-term borrowings

2,928.54

3,752.76

(b) Trade payables

1,702.01.

1,359.M

Other current liablities

(d) Short-term provisions

1,612.99

729.34

Minority interest
Non- Current Liabilities
Long-term borrowings

(a)

(b) Deferred tax liabilities (net)

(c) Other long-term liabilities

(d) Long-term Provisions

Sub-total- Non Current Libilities

5

(c )

Sub-Total - Current liabilities

Total- EQUITY AND LIABILITIES
B

ASSETS

"l

Non-Current Assets

302.73

238.49

6,546.27

6,080.03

11",070.56

10,373.79

1,948.98

1.,650.17

'a) Fixed Assets

(i)

Tangible Assets

(ii) Intangible Assets

(iii) Capital Work-In-Pro gress

16.35

116.74

) Non-Current investments
(d) Deferred tax assets (net)

306.69

1,306.28

(e) Long-term loans and advances

343.56

207.31

2,615.58

3,280.50

(b) Inventories

3,588.65

3,167.45

(c ) Trade Receivables

1,934.43

1.,974.34

'c

(f) Other non-current assets

Sub-total- Non Current Assets

2

Current Assets
a) Current investments

(d) Cash and Cash equivalents

1,525.93

589.56

Short-term loans and advances

f) Other current assets
Sub-total-Current Assets

"1,405.97

8,454.98

7,093.29

TOTAL -ASSETS

71,070.56

10,373.79

(e)

1.,361..94

for Rama Steel Tubes Ltd.

/(.-------1
Date: 08-11-2016
Place: New Delhi

,tf^?

Naresh Kumar Bansal

Managing Director

DIN:

00119213

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Rama Steel Tubes Ltd.

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.ir
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t.:t:\

Manufacturers & Exporters: ERUISfeel Tubes (Black & Galvanised)

EntrtN

AN ISO 9001 :2008 CO.

CIN : L27201 DL1974PLC007114

Regd. Office
No. 7, 1st Floor, Surya Niketan, Vikas Marg, New Delhi-110092 Ph. : 01143656667, 43656668 Fax: 01143656699
E-mail : investors@ramasteel.com, info@ramasteel.com, Website: www.ramasteel.com

Annexure- A
Details as required under SEBI (Listing Obligation and Disclosure Requirements)
Regulations, 2015
S.No.

A)

Particulars
Details of the target entity, details in
brief such as size, turnover etc;

Details

Lepakshi Tubes Private Limited

(CIN:

U28990D12016PTC30221.0) was
incorporated on 28.06.201,6 with a paid
up share capital of Rs.l-,00,000/- fRupees
one lakh onlyJ.
Size, Turnover - Not Applicable, as the
same is relatively a newly incorporated
entity (June 20L6)

Bl

cl
D)

El

F)
G)

Whether the acquisition would fall

within related party transactions
and whether the promoter/
promoter group/ group companies
have any interest in the entity being
acquired? If yes, nature of interest
and details thereof and whether the
same is done at "arm's length";

Industry to which the entity being

acquired belongs;
Objects and effects of acquisition
(including but not limited to,
disclosure of reasons for acquisition
of target entity, if its business is
outside the main line of business of
the listed entity);

Brief details of any governmental or

regulatory approvals required for
the acquisition;
Indicative time period for
completion of the acquisition;
Nature of consideration - whether
cash consideration or share swap

of M/s
Lepakshi Tubes Private Limited are

YES, as the existing shareholders

promoters/directors of Rama Steel Tubes

Limited also.

The Transaction entered by Rama Steel

Tubes
Limited
with
promoters/shareholders of the Lepakshi
Tubes Private Limited for transfer of
shares is done at arm's leneth basis.
Manufacturing of Steel Tubes/Hollow

sections/Pipes

Obiect Business Expansion in

India.

Effects: Company's Position in

the
emerging markets will strengthen further
as the Lepakshi Tubes Private Limited is
putting up a plant to manufacture 36,000
MT p.a. at Lepakshi tA.P.).
Not Applicable

Not Applicable

,;ffi

Cash

g6sill
Works : B-21, 8-25/1, Slfe

M.

South

4 lndustrial Area,

P) Ph.: 0120-4569788

Hl

r)

and details of the same;

Cost of acquisition or the price at
which the shares areflo
be Acquired;
Percentage of shareholding
control acquired and / or number of
shares arefto be acquired;

Brief background about the entity

acquired in terms of products/line
ofbusiness acquired, date of
incorporation, history of last 3 years
turnover, country in which the
acquired entity has presence and
any other significant information (in

Acquisition of equity shares of Rs.10/each at par

l00o/o.

The acquisition is for 10,000 equity shares

of Rs.10 each amounting to total paid up
share capital of Rs.1,00,000
Date of Incorporation: 28tr fune 2016.
History of last 3 years turnover- Not
Applicable
Country of Incorporation: India

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