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Rajasthan Tube Manufacturing’s warrant issue proceeds will fund working capital and corporate purposes
13-Aug-2026, 06:13
Rajasthan Tube Manufacturing Company Limited issued a corrigendum to the notice of its Extra Ordinary General Meeting, amending details related to a preferential issue of warrants. The company intends to utilize up to 75% of the issue proceeds, amounting to Rs 698.62 crore, to meet working capital requirements within 24 months, and up to 25%, or Rs 23.29 crore, for general corporate purposes. A valuation report by registered valuer A.N. Gawade was used to determine the equity share price, and is available for inspection on the company’s website.
Rajasthan Tube Manufacturing Company Limited issued a corrigendum to the notice of its Extra Ordinary General Meeting, amending details related to a preferential issue of warrants. The company intends to utilize up to 75% of the issue proceeds, amounting to Rs 698.62 crore, to meet working capital requirements within 24 months, and up to 25%, or Rs 23.29 crore, for general corporate purposes. A valuation report by registered valuer A.N. Gawade was used to determine the equity share price, and is available for inspection on the company’s website.