Rajasthan Tube Mfg.
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Rajasthan Tube Manufacturing Company’s board approved a plan to raise up to ₹93.15 crores through a preferential issue of convertible equity warrants, the company said in a filing on Thursday. The issue, priced at ₹15 per warrant, will involve up to 6.21 crore warrants convertible into equity shares of face value ₹1 each. A total of 53 public investors have been named as proposed allottees, none of whom belong to the existing promoter group. Existing promoters recently disclosed they lost control of the company in June 2025. The warrants carry a conversion right exercisable within 18 months, with 25% of the issue price payable at allotment and the balance upon conversion. The board also recommended the regularisation of two independent directors and called an extraordinary general meeting on August 20 to seek shareholder approval.
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Rajasthan Tube Manufacturing Company’s board approved a plan to raise up to ₹93.15 crores through a preferential issue of convertible equity warrants, the company said in a filing on Thursday. The issue, priced at ₹15 per warrant, will involve up to 6.21 crore warrants convertible into equity shares of face value ₹1 each. A total of 53 public investors have been named as proposed allottees, none of whom belong to the existing promoter group. Existing promoters recently disclosed they lost control of the company in June 2025. The warrants carry a conversion right exercisable within 18 months, with 25% of the issue price payable at allotment and the balance upon conversion. The board also recommended the regularisation of two independent directors and called an extraordinary general meeting on August 20 to seek shareholder approval.
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Rajasthan Tube Manufacturing Company informed the stock exchange that its board will meet on July 24, 2026, to consider a proposal to raise funds through a preferential issue of equity shares or convertible warrants on a private placement basis. The board will also decide the date and venue for an extraordinary general meeting to seek shareholder approval for the fundraising. The trading window for dealing in the company’s securities will remain closed from July 20 until 48 hours after the board meeting outcome is declared.
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Rajasthan Tube Manufacturing Company informed the stock exchange that its board will meet on July 24, 2026, to consider a proposal to raise funds through a preferential issue of equity shares or convertible warrants on a private placement basis. The board will also decide the date and venue for an extraordinary general meeting to seek shareholder approval for the fundraising. The trading window for dealing in the company’s securities will remain closed from July 20 until 48 hours after the board meeting outcome is declared.
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July 20 (Reuters) - Rajasthan Tube Manufacturing Co Ltd RTUB.BO:
RAJASTHAN TUBE MANUFACTURING CO - TO CONSIDER FUND RAISING VIA PREFERENTIAL ISSUE OF EQUITY OR CONVERTIBLE WARRANTS
Source text: ID:nBSE4hjDz9
Further company coverage: RTUB.BO
(([email protected];))
July 20 (Reuters) - Rajasthan Tube Manufacturing Co Ltd RTUB.BO:
RAJASTHAN TUBE MANUFACTURING CO - TO CONSIDER FUND RAISING VIA PREFERENTIAL ISSUE OF EQUITY OR CONVERTIBLE WARRANTS
Source text: ID:nBSE4hjDz9
Further company coverage: RTUB.BO
(([email protected];))
Promoters of Rajasthan Tube Manufacturing Company sold over 2 million shares during the financial year ended March 2026, according to a regulatory filing on June 9. The sales included 1.62 million shares by Pradeep Jain in May 2025 and smaller tranches by Deepika Jain and Saurabh Jain. Harish Chand Jain, speaking for the promoter group, stated that he and his family have not controlled the company's affairs since June 28, 2025, and have applied to be removed from the promoter list. Their names remain on the company's register due to pending regulatory updates.
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Promoters of Rajasthan Tube Manufacturing Company sold over 2 million shares during the financial year ended March 2026, according to a regulatory filing on June 9. The sales included 1.62 million shares by Pradeep Jain in May 2025 and smaller tranches by Deepika Jain and Saurabh Jain. Harish Chand Jain, speaking for the promoter group, stated that he and his family have not controlled the company's affairs since June 28, 2025, and have applied to be removed from the promoter list. Their names remain on the company's register due to pending regulatory updates.
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Feb 26 (Reuters) - Rajasthan Tube Manufacturing Co Ltd RTUB.BO:
APPOINTS PANKAJ JOSHI AS CHIEF FINANCIAL OFFICER
Source text: ID:nBSE9Bx6fN
Further company coverage: RTUB.BO
(([email protected];))
Feb 26 (Reuters) - Rajasthan Tube Manufacturing Co Ltd RTUB.BO:
APPOINTS PANKAJ JOSHI AS CHIEF FINANCIAL OFFICER
Source text: ID:nBSE9Bx6fN
Further company coverage: RTUB.BO
(([email protected];))
Jan 6 (Reuters) - Rajasthan Tube Manufacturing Co Ltd RTUB.BO:
RAJASTHAN TUBE MANUFACTURING CO LTD - TO CONSIDER CAPITAL RAISING THROUGH SHARES
Source text: ID:nBSE9FLWR6
Further company coverage: RTUB.BO
(([email protected];))
Jan 6 (Reuters) - Rajasthan Tube Manufacturing Co Ltd RTUB.BO:
RAJASTHAN TUBE MANUFACTURING CO LTD - TO CONSIDER CAPITAL RAISING THROUGH SHARES
Source text: ID:nBSE9FLWR6
Further company coverage: RTUB.BO
(([email protected];))
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What does Rajasthan Tube Mfg. do?
Rajasthan Tube Manufacturing Limited is a global leader in producing Black and Galvanized ERW Steel Tubes and Pipes, known for its premium quality products like Steel Square Tubes, Black Steel Tubes, and more.
Who are the competitors of Rajasthan Tube Mfg.?
Rajasthan Tube Mfg. major competitors are Kasturi Metal Compos, Anubhav Plast, Supreme Engineering, Nova Iron & Steel, Umiya Tubes, Dhatre Udyog, Deem Roll-Tech. Market Cap of Rajasthan Tube Mfg. is ₹52 Crs. While the median market cap of its peers are ₹47 Crs.
Is Rajasthan Tube Mfg. financially stable compared to its competitors?
Rajasthan Tube Mfg. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Rajasthan Tube Mfg. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Rajasthan Tube Mfg. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Rajasthan Tube Mfg. allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Rajasthan Tube Mfg. balance sheet?
Balance sheet of Rajasthan Tube Mfg. is strong. But short term working capital might become an issue for this company.
Is the profitablity of Rajasthan Tube Mfg. improving?
The profit is oscillating. The profit of Rajasthan Tube Mfg. is ₹1.24 Crs for TTM, ₹0.49 Crs for Mar 2025 and ₹0.72 Crs for Mar 2024.
Is the debt of Rajasthan Tube Mfg. increasing or decreasing?
The net debt of Rajasthan Tube Mfg. is decreasing. Latest net debt of Rajasthan Tube Mfg. is -₹0.39 Crs as of Mar-26. This is less than Mar-25 when it was ₹6.19 Crs.
Is Rajasthan Tube Mfg. stock expensive?
Rajasthan Tube Mfg. is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Rajasthan Tube Mfg. is 42.12, while 3 year average PE is 40.5. Also latest EV/EBITDA of Rajasthan Tube Mfg. is 25.92 while 3yr average is 62.39.
Has the share price of Rajasthan Tube Mfg. grown faster than its competition?
Rajasthan Tube Mfg. has given better returns compared to its competitors. Rajasthan Tube Mfg. has grown at ~127.13% over the last 2yrs while peers have grown at a median rate of -26.8%
Is the promoter bullish about Rajasthan Tube Mfg.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Rajasthan Tube Mfg. is 16.8% and last quarter promoter holding is 16.8%.
Are mutual funds buying/selling Rajasthan Tube Mfg.?
There is Insufficient data to gauge this.