INTIMATION FOR SUBSCRIPTION OF EQUITY SHARES IN THE SUBSIDIARY RATNAMANI MIDDLE EAST COMPANY LLC, DAMMAM, KINGDOM OF SAUDI ARABIA (KSA)

Ratnamani Metals & Tubes Ltd has subscribed to 75 equity shares, investing SAR 1,500,000, in its subsidiary Ratnamani Middle East Company LLC in Saudi Arabia. This represents a 75% stake in the joint venture, formed with Saudi Electric Supply Company Limited, which aims to provide critical tubing solutions and locally manufacture seamless products for consumers in KSA and GCC countries. This action finalizes the company's equity contribution for establishing its presence in the Middle East market.