The Board of Directors of Rama Steel Tubes Limited approved the constitution of the Risk Management Committee and adoption of the Risk Management Policy. Mr. Naresh Kumar Bansal, Managing Director as Chairman, Mr. Richi Bansal, Executive Director as Member, Mr. Jai Prakash Gupta, Non-Executive Independent Director as Member and Mrs. Anju Gupta, Non- Executive Independent Director as Member. The Board has decided to delegate their power of allotment to existing committee i.e. Acquisition Committee and the name of the committee has been changed to "Acquisition and Allotment Committee".

The terms of references are also amended consequence to the name of the Committee. Mr. Naresh Kumar Bansal, Managing Director as Chairman, Mr. Richi Bansal, Executive Director as Member, and Mr. Jai Prakash Gupta, Non- Executive Independent Director as Member.