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

Remi Edelstahl Tubulars has announced a board meeting where it approved the financial results for the quarter, reporting a net profit of 0.21 Cr on total income of 2.73 Cr. A major development is the strategic partnership with WSG Co. Limited, South Korea, for technology and machinery to manufacture ultra-high purity and titanium stainless steel tubes in India. WSG will invest approximately 8.65 Cr through convertible warrants. Additionally, the company plans to raise further capital through preferential allotment of equity shares: 9.00 Cr from non-promoters and 6.47 Cr from a promoter group entity. These capital raising plans are subject to shareholder approval, bolstering future growth and expansion initiatives.