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

Remi Edelstahl Tubulars Limited has announced a board meeting, approving the financial results for the quarter ended June 30, 2025, showing a net profit of Rs. 0.21 Cr. A major development is the strategic partnership with South Korea's WSG Co. Limited. WSG will invest Rs. 8.66 Cr for convertible warrants, also providing technology and machinery to manufacture Ultra-High Purity and titanium stainless steel tubes in India. The Board also approved preferential allotments of equity shares: Rs. 9.00 Cr to non-promoters and Rs. 6.47 Cr to the promoter group, both priced at Rs. 129.33 per share. The Annual General Meeting is set for August 28, 2025.