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

Remi Edelstahl Tubulars' board has approved key strategic moves. The company entered agreements with South Korea's WSG Co. Ltd. to manufacture ultra-high purity and titanium stainless steel tubes in India, leveraging WSG's technology. WSG will invest approximately Rs 8.66 Cr through convertible warrants. The board also approved a total preferential allotment of equity shares worth around Rs 9.00 Cr to non-promoters and Rs 6.47 Cr to the promoter group, all at Rs 129.33 per share. Additionally, the financial results for the quarter were approved, showing a net profit of Rs 0.21 Cr. This capital infusion supports expansion and new technology.