Remi Edelstahl Tubulars Ltd — Updates, 29-07-2025: Company Update

Remi Edelstahl Tubulars' Board approved its quarterly financial results, showing a net profit of 0.21 Cr on 26.62 Cr revenue. In a key strategic move, the company partnered with WSG Co. Limited, South Korea. WSG will invest approximately 8.66 Cr through convertible warrants and provide technology to manufacture ultra-high purity and titanium stainless steel tubes, enhancing product capabilities and market reach. The company will also raise about 9.00 Cr from non-promoters and 6.47 Cr from the promoter group via preferential equity allotments to bolster capital. Routine auditor appointments were confirmed, and the Annual General Meeting will be held virtually.