Rama Steel Tubes Approves ₹346 Crore Preferential Issue For Automech Deal

Board approved authorised cap hike to 250 Cr shares, Rs140 Cr cash equity, Rs166.4 Cr swap for 21.62% Automech, Rs40 Cr warrants all at Rs5; SPA extended to 15 Dec 2026. Continues equity-funded expansion with heavy dilution and new large holders; clarifies swap leg of Abu Dhabi acquisition; extension signals delay with cash use and debt leg undisclosed. Seller becomes large holder with EGM approval pending; Dubai 78.38% leg funding, pricing basis and leverage impact unresolved; steep dilution overhang for existing holders.