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.