Rhetan TMT Share Price Today

Rhetan TMT signs MOU with Bajaj Tubular for 20,000 MT TMT bars

Rhetan TMT signs non-binding MOU with Bajaj Tubular Products for 20,000 MT TMT bars. Agreement spans 24 months with supplies via individual purchase orders. Management estimates broader commercial potential at ₹250-300 crore. Pricing determined per order based on market conditions and logistics.

Rhetan TMT regularizes Jhanvi Sethi as independent director

Shareholders regularized Jhanvi Vikas Sethi as independent director for five years. Appointment effective from August 12, 2026, approved at AGM on September 16, 2026. She brings over 20 years of experience in finance and capital markets. Holds additional independent director roles at Ashoka Metcast, GNR, and Ashnisha.

Rhetan TMT reappoints Shalin Shah as managing director for five years

Shareholders reappointed Shalin Ashok Shah as managing director for five years. New term runs from January 8, 2027, to January 7, 2032. Approval granted at AGM held on September 16, 2026. Shah has over three decades of experience in steel and related sectors.

Rhetan TMT re-appoints GMCA & Co. as statutory auditors for five years

Rhetan TMT re-appointed M/s. GMCA & Co. as statutory auditors for five years. The term runs from the conclusion of the 42nd AGM in September 2026 to the 47th AGM in 2031. All 12 resolutions at the 42nd AGM were passed with requisite majorities. Promoters abstained from voting on related-party transactions, which were approved by public shareholders. The auditor firm has over 38 years of experience and a team strength of more than 20 members.

Rhetan TMT explores entry into corrosion resistant steel bar market

Rhetan TMT explores manufacturing Corrosion Resistant Steel (CRS) TMT bars. Company secured BIS licenses for Fe500D, Fe550, and Fe550D grade bars. CRS bars target coastal, marine, and infrastructure projects requiring durability. Preliminary steps include technology tie-ups and feasibility assessments.

Rhetan TMT sets Sept 16 AGM date; proposes ₹300 crore borrowing limit hike

Rhetan TMT schedules 42nd AGM for September 16, 2026, via video conferencing. Proposes raising borrowing limits from ₹200 crore to ₹300 crore. Seeks approval for related party transactions up to ₹150 crore with five entities. Reports FY26 PAT of ₹1,029.78 lakh, up from ₹309.50 lakh in FY25. Revenue from operations fell to ₹2,444.07 lakh from ₹3,716.48 lakh in FY25.