Rama Steel Tubes Ltd. Announces Cessation of Associate Company Status
Rama Steel Tubes Ltd. announced on March 28, 2026, that Bigwin Buildsys Coated Private Limited no longer qualifies as an associate company due to a dilution of Rama Steel Tubes’ shareholding.Previously, Rama Steel Tubes held 24.80% of the equity share capital of Bigwin Buildsys Coated Private Limited. Following a preferential issue of equity shares, the company’s shareholding has been reduced to 9.32%.
During the nine months ended December 31, 2025, on a consolidated basis, Bigwin Buildsys Coated Private Limited contributed Rs. 1.88 Lakhs in revenue or income, representing 0.18% of the total. The net worth contributed by the associate company was Rs. 1.88 Lakhs.
No agreement for sale has been executed, and no consideration was received. The transaction does not involve a slump sale or fall under related party transactions.
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