Remi Edelstahl Tubulars Ltd — Important, 20-10-2025: Company Update

Remi Edelstahl Tubulars Limited has provided an update on its preferential issue. The Board had previously proposed issuing 11,95,893 Equity Shares to promoter and non-promoter groups, and 6,69,226 convertible warrants to non-promoters. While shareholders approved the equity share issuance, a promoter group member later decided to subscribe to 2,33,000 fewer equity shares than initially planned, citing strategic reasons. The Board approved this undersubscription, assuring stakeholders it will not impact the company's financial stability, operations, or growth prospects. The shares were offered at a face value of Rs 10 each, priced not less than Rs 129.33.