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

The company's board approved a preferential issue of 669,226 convertible warrants to WSG Co., Ltd., South Korea, a non-promoter entity, for approximately 8.65 Cr. Each warrant is convertible into one equity share at Rs 129.33 within 18 months. Additionally, 962,893 fully paid-up equity shares were allotted to various investors (promoter group and non-promoters) at Rs 129.33 per share, totaling approximately 12.45 Cr. This capital raise through warrants and shares aims to strengthen the company's financial position and fund future growth. The issued securities are subject to lock-in periods.