RAMA STEEL TUBES WITHDRAWS PREFERENTIAL ISSUE OF 15.34 CR SHARES ⚠️🔄 • 📋 Acquisition & Allotment Committee met on April 25, 2026 and considered the status of proposed preferential issue of up to 15,34,50,146 equity shares to Non-Promoters • 🔀 Transaction purpose: Acquire 21.62% stake in Automech Group Holding Limited (incorporated in Abu Dhabi Global Market / ADGM) via share swap arrangement • ⚠️ Allotment WITHDRAWN at this stage due to procedural impasse: - SEBI (ICDR) Regulations require allotment within 15 days - Abu Dhabi share transfer process is contingent on steps interlinked with allotment - Cross-border regulatory frameworks (India + UAE) creating a procedural deadlock • ✅ Timeline of events: Board approval (Jan 20, 2026) → Shareholder EGM approval (Feb 14, 2026) → In-principle BSE/NSE approval (Apr 10, 2026) → Allotment now deferred • 🔜 Company will re-initiate the process once compliance formalities & approvals in India and Abu Dhabi are completed 🔴 Impact: Negative to Cautious (Inability to complete allotment within SEBI timelines delays the strategic acquisition of Automech Group stake; cross-border regulatory complexity adds execution uncertainty — deal outcome remains unclear)

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