Outcome of Board Meeting

Rama Steel Tubes' board approved acquiring 100% of UAE-based Automech Group Holding for ~Rs 728 Cr (AED 296M). RSTL's subsidiary pays AED 232M cash for 78.38%, with RSTL acquiring 21.62% via fresh shares for AED 64M. This diversifies revenue & strengthens its UAE/GCC/Europe presence.