2026-07-22 02:17:49
Latest Post
CRISIL Limited Reports Q2 CY26 / Q1 FY27 Results: Consolidated Revenue Jumps 27.6% YoY to ₹1,075.39 Crore; Net Profit Reaches ₹216.46 Crore
Purple Finance Grants In-Principle Approval to Acquire 100% Stake in Saksham Gram Credit
InfoBeans Technologies Reports Q1 FY27 Results: Revenue Jumps 36.6% YoY to ₹152.77 Crore; Net Profit Stands at ₹21.62 Crore
Gamco Limited Reports Q1 FY27 Results: Consolidated Revenue Surges 105.8% YoY to ₹113.72 Crore; PAT Reaches ₹32.43 Crore
Gabriel India Reports Q1 FY27 Results: Consolidated Revenue Up 15.5% YoY to ₹1,425.68 Crore; Net Profit Reaches ₹108.13 Crore
Stock Report
Rama Steel Tubes to Monetize Non-Core Sahibabad Land and Structure for ₹26.75 Crore
Posted On : 2026-07-19 23:07:39( TIMEZONE : IST )
ERW steel pipes manufacturer Rama Steel Tubes Limited (NSE: RAMASTEEL; BSE: 539309) today announced that its Board of Directors has approved the sale of its industrial property asset located in Sahibabad, Uttar Pradesh.
The transaction was formalized via an Agreement to Sell executed today, following a board meeting where directors cleared the strategic monetization of the property for a total cash consideration of ₹26,75,00,000 (Rupees Twenty-Six Crore Seventy-Five Lakh Only).
Transaction Details and Asset Profile
The property being divested consists strictly of the physical land parcel and its overhead shed structure. Key details from the SEBI Regulation 30 filing include:
Asset Location: B-5, Site IV, Sahibabad Industrial Area, Ghaziabad, Uttar Pradesh.
Buyer Profile: The asset is being acquired by Paras Buildwell LLP, a New Delhi-based limited liability partnership. Rama Steel Tubes confirmed that the buyer has no structural, financial, or promoter alignment with the company or its subsidiaries.
Financial & Operational Impact: The property is classified as a non-core business asset. It contributed zero revenue, turnover, or operational income during the last financial year and carries a net worth value of Nil on the company's books.
Compliance and Strategic Intent
The company stated that because the transaction involves an idle asset rather than an active manufacturing division, it does not constitute the disposal of an "undertaking" under Section 180(1)(a) of the Companies Act, 2013.
Furthermore, the transaction operates fully outside any related party transaction frameworks and does not involve a Scheme of Arrangement. The final transfer of the land and structure will conclude immediately upon the completion of standard closing conditions outlined in the agreement.
By offloading this non-operational asset, Rama Steel Tubes frees up ₹26.75 crore in liquidity, which can be redeployed toward core manufacturing operations, capacity expansions, or debt optimization strategies.
