|The company was incorporated on 15th September, 1983 as a small scale industrial undertaking under the name of Ratnamani Metals & Tubes Pvt. Ltd., it became a Deemed Public Company with effect from 1.7.1989 by the virtue of the provisions of Section 43A (IA) of the Act.
Another small scale unit under the name of Tartnamani Tube Industries Pvt. Ltd., was set up by the same promoters in the year 1985, which also became a Deemed Public Company w.e.f 1.7.1990 by virtue of the provisions of Section 43A (IA) of the Act.
At the Annual General Meeting held on 18.7.1992 Special Reoslution was passed deleting the restrictions mentioned in Section 3 of the Act.
Both the Companies were converted into medium scale units through implementation expansion programme within 2-3 years from the date of establishment and were awarded COB Industrial Licence No.IL/41 (89) dated 7.7.1989 and IL/7/(91) dated 12.2.1992.
As per the order of Hon'ble High Court of Gujarat dated 24/12/1991 M/s.Ratnamani Tube Industries Limited amalgamated with Ratnamani Metals & Tubes Limited with effect from 1/4/91 consequently, 5 Equity Shares of Rs.100/- each full paid up were alloted to the Shareholders of Ratnamani Tube Industries Limited for every two Equity Shares of Rs.10/- each fully paid up held by them. Accordingly 445,200 Equity Shares of Rs.10/- each fully paid-up were issued to the shareholders of RTIL Ratnamani Metals & Tubes Limited now has an installed capacity of 3,000 M.T. on three shift basis and holds industrial licences as mentioned elsewhere in the prospectus.
- The Company has splits its face value from Rs10/- to Rs2/-.
- Ratnamani Metals & Tubes Ltd has bagged orders aggregating to Rs 152 crores recently from GAIL for Gas Transmission and Distribution Projects.