Hot Pursuit     18-Nov-22
Rama Steel board approves 4:1 bonus issue
Rama Steel Tubes announced that its board on Friday, 18 November 2022 approved issuing 4 bonus equity shares for each share held (4:1).
The company said that the bonus shares will be credited or dispatched within two months from the date of board approval, i.e. by 18th January, 2023.

The company's consolidated net profit declined 28.2% YoY to Rs 5.09 crore while net sales surged 79.9% to Rs 347.24 crore in Q2 FY23 over Q2 FY22.

Rama Steel Tubes is engaged in the business of manufacturing of Steel Pipes and related products.

The scrip rose 0.31% to currently trade at Rs 176 on the BSE.

Previous News
  Rama Steel Tubes records highest sales volumes in Q4
 ( Corporate News - 03-Apr-23   19:00 )
  Rama Steel Tubes receives upgrade in credit ratings from Brickwork India
 ( Corporate News - 20-Dec-21   16:45 )
  Rama Steel Tubes consolidated net profit declines 66.47% in the September 2018 quarter
 ( Results - Announcements 10-Nov-18   16:25 )
  Rama Steel Tubes to discuss results
 ( Corporate News - 10-Aug-21   13:02 )
  Rama Steel Tubes schedules AGM
 ( Corporate News - 08-Sep-21   13:40 )
  Rama Steel Tubes appoints director
 ( Corporate News - 08-Jul-21   16:10 )
  Rama Steel Tubes standalone net profit declines 48.43% in the March 2017 quarter
 ( Results - Announcements 29-May-17   12:23 )
  Rama Steel Tubes installs solar project of 750 KWp
 ( Corporate News - 19-Jun-17   17:50 )
  Rama Steel Tubes reports standalone net profit of Rs 2.54 crore in the March 2016 quarter
 ( Results - Announcements 26-May-16   16:09 )
  Rama Steel Tubes advances after installing solar project
 ( Hot Pursuit - 20-Jun-17   09:32 )
  Rama Steel Tubes secures additional orders worth Rs 14.7 cr
 ( Corporate News - 30-Aug-22   13:36 )
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