Ratnamani Metals & Tubes holds 41st AGM, approves dividend, debenture issuance

Ratnamani Metals & Tubes Ltd. held its 41st Annual General Meeting (AGM) on Tuesday, September 9, 2025, via video conferencing. The meeting, chaired by Prakash M. Sanghvi, chairman and managing director, commenced at 10:35 a.m. IST and concluded at 11:12 a.m. IST. As of the September 2, 2025 record date, 44,256 shareholders were registered, with 42 members participating.

Shareholders adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025. An ordinary resolution was passed to declare a dividend of INR 14.00 per equity share on 7,00,92,000 equity shares, each with a face value of INR 2. The re-appointment of Jayanti M. Sanghvi as a director was also approved.

Additionally, M/s. N. D. Birla & Co., cost accountants, were ratified as cost auditors for the financial year ending March 31, 2026. M/s. M. C. Gupta & Co., company secretaries, were appointed as secretarial auditors for a five-year term commencing April 1, 2025, through March 31, 2030, by an ordinary resolution. The board was also granted authority to issue redeemable non-convertible debentures/bonds up to INR 500.00 crores via private placement. The declared dividend will be paid on or before Wednesday, October 8, 2025.