Rajasthan Tube Manufacturing Company Limited, a prominent player in the industrial manufacturing sector, held its Board Meeting on June 21, 2025, and made a series of significant announcements that will shape its near-term operations and governance structure. The company has released a comprehensive regulatory filing under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlining major board decisions including auditor changes, appointment of directors, and the finalization of its 39th Annual General Meeting (AGM).

Board Meeting Highlights

The Board Meeting commenced at 2:00 PM and concluded at 3:00 PM, covering an extensive agenda that included governance, compliance, appointments, and regulatory disclosures. The key decisions taken by the Board are as follows:

1. AGM and Shareholder Activities

• The 39th AGM of Rajasthan Tube will be held on Saturday, July 19, 2025, at 10:00 AM at Anokha Gaon, near Road No. 14, Vishwakarma Industrial Area, Sikar Road, Jaipur.

• Book Closure Dates: From July 13 to July 19, 2025 (both days inclusive).

• Remote E-voting: Opens on July 16, 2025 at 10:00 AM and closes on July 18, 2025 at 5:00 PM.

• Cut-off Date: July 12, 2025 has been fixed to determine the eligibility of shareholders for voting.

The Notice of the AGM and the Annual Report for FY 2024–25, including the Board Report and annexures, were also approved for circulation to shareholders.

2. Auditor Changes

a. Statutory Auditor Resignation and New Appointment

• The company accepted the resignation of its statutory auditor M/s Giriraj & Lohiya, Chartered Accountants (Firm Reg. No. 006031C), effective June 20, 2025.

• The resignation was voluntary due to personal reasons and the firm confirmed there were no other material circumstances leading to the resignation.

• The Board has approved the appointment of M/s UCC & Associates LLP, Chartered Accountants (Firm Reg. No. 010585N), represented by CA Pulkit Jain, to fill the casual vacancy. This appointment is subject to shareholder approval at the upcoming AGM.

• Term: Proposed for five years, starting from the AGM approval.

b. Secretarial Auditor Appointment

• The Board appointed M/s Khushbu Kanwar & Co., Company Secretaries (COP No. 52560, Membership No. 24110), for a five-year term.

• The appointment of Ms. Khushbu Kanwar as the secretarial auditor is also subject to shareholder approval at the AGM.

These decisions were based on Audit Committee recommendations and are in compliance with regulatory standards.

3. Director Appointments and Changes

The Board undertook restructuring of its directorship by approving the following appointments and re-designations:

• Mr. Mahendra Kumar Modi (DIN: 08144279) was appointed as Additional Director in the capacity of Independent, Non-Executive Director.

• Mr. Pankaj Jain (DIN: 11098222) was appointed as Additional Director, designated as Whole-Time Director.

• Ms. Chanchal (DIN: 10836478) was re-designated from Non-Executive Independent Director to Non-Executive Non-Independent Director due to shareholding changes.

All appointments are subject to the approval of members at the forthcoming AGM.

4. Other Corporate Actions

In line with the upcoming AGM and future growth strategy, the Board also approved:

• Increase in Authorised Share Capital

• Amendments to the Articles of Association

• Authorization to the Board for further issuance of equity shares, subject to AGM approval

These resolutions ensure that the company remains flexible and capital-ready for future expansion or strategic investments.

5. Regulatory Disclosures and Transparency

The company provided detailed annexures as part of its filing, ensuring full transparency as required under SEBI's Listing Regulations. These include:

• Annexure I: Details of the appointment of UCC & Associates LLP

• Annexure II: Details of the appointment of Khushbu Kanwar & Co.

• Annexure III: Brief profiles and disclosures of new and re-designated directors

• Annexure A: Auditor resignation letter and required SEBI disclosures from Giriraj & Lohiya

All disclosures confirm that none of the newly appointed professionals or directors are disqualified or debarred by SEBI or any regulatory authority.

About Rajasthan Tube Manufacturing Company Limited

Rajasthan Tube Manufacturing Company Limited, headquartered at Banke Bihari Industrial Area, Jaipur, is a notable industrial entity engaged in tube and pipe manufacturing. The company is listed on the BSE with Scrip Code: 530253 and Security ID: RAJTUBE. Known for its consistent growth and strong governance, the company continues to prioritize transparency, shareholder engagement, and regulatory compliance.

Conclusion

The latest board meeting marks a critical transition period for Rajasthan Tube as it prepares for its 39th AGM. With new auditors, director appointments, and capital-raising capabilities, the company is clearly positioning itself for future compliance, sustainability, and growth.

As per the official statement, all updates will be made available to shareholders via the company’s official website www.rajtube.com and through filings on BSE.

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