Ratnamani Metals & Tubes Limited has incorporated a wholly-owned subsidiary company in form of sole proprietorship, limited liability, one person company at Abu Dhabi, United Arab Emirates in the name of "RATNAMANI MIDDLE EAST PIPES TRADING - L.L.C. - O.P.C." on April 16, 2024 (Confirmation of the same has been received by the Company on April 17, 2024). a) Authorized Share Capital of WOS: Emirati Dirhams 50,000 (divided into 100 shares of 500 Emirati Dirhams each.) b) Paid-Up Share Capital of WOS: Emirati Dirhams 50,000 (divided into 100 shares of 500 Emirati Dirhams each.) c) Turnover: Not applicable, since the OPC is yet to commence it's Business operations. Ratnamani Middle East Pipes Trading L.L.C. O.P.C. is incorporated with an object of marketing of the Company's products by way of wholesale trading in Steel Tubes and Pipes.
The Company shall subscribe 100% of the paid up Share Capital in Ratnamani Middle East Pipes Trading L.L.C. O.P.C.