This is with reference to your communication dated 14th September, 2022 bearing reference no. NSE/CM/Surveillance/12293, seeking clarification on the price movement in the share price of Ram Ratna Wires Limited (the
In this regard, we would like to submit that the Company has been disclo�ing and will continue to disclose all the material events, information, announcements from time to time that may have a bearing on the operations/ performance of the Company, including any price sensitive information, as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"). We would further like to clarify that there is no pending information / announcement which have a bearing on price movement of the Company or which requires disclosures in accordance with the regulatory requirements.
Further, it may kindly be noted that the Board of Directors of the Company had at their meeting held on 10th August 2022 recommended issue of Bonus Shares in the ratio of 1:1, i.e., 1 (One) equity share of Rs.5/- each for every 1 (One) fully paid-up equity share of Rs.5/- held by the Shareholders of the Company, subject to the approval of the Shareholders at the ensuing Annual General Meeting scheduled on Wednesday, 21st September 2022. The Company has fixed Thursday, 29th September 2022 as the Record Date for the purpose of Bonus Issue. The Company had already intimated the stock exchanges for the above matters in accordance with the SEBI LODR Regulations.
We unde.i-stand that the movement in the share price of the Company is market driven and the Company is in no way connected with any such movement in price.
We hope the above clarifies your requirement and request you to kindly take the same on your records.
Thanking you,
Yours sincerely,
For Ram Ratna Wires Limited
SAURAB Digitally signed by
SAURABH GUPTA
GUPTADate: 2022.09.15 09:59:09 +05'30'
Saurabh Gupta
Company Secretary & Compliance Officer
M. No.: A53006
RAM RATNA WIRES LTD. I MemberRIGlobal I www.rrshl"'lmik.com I CINNO.:l31300 IH1992.PLC067802
Ram Ratna Wires Ltd. published this content on 15 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2022 04:59:00 UTC.
Ram Ratna Wires Limited is an India-based manufacturer of winding wires, mainly enameled copper wires. The Company's segments include Enamelled Wire and Strips, Copper tubes and pipes, and Others. The Enamelled wires and strips segment is engaged in the manufacturing of enameled wires and strips. The Company's primary products may be classified as enameled copper wire, enameled copper strips, paper insulated copper strips, enameled aluminum wire, and submersible winding wires. The Copper tubes and pipes segment is engaged in trading and manufacturing of copper tubes and pipes. The Other segment is engaged in the manufacturing of brushless direct current motor (BLDC) motors for air conditioner, hub, high-volume low-speed (HVLS) fans, submersible pumps and related products. It provides total winding solutions to a variety of original equipment manufacturers covering a spectrum of industries which include automotive, defense and aerospace, electrical, electronic and home appliances.