Remi Edelstahl Tubulars Ltd — Important, 31-07-2026: Company Update

The company reported revenue of Rs 35.19 Cr and a net profit of Rs 0.45 Cr for the quarter. The board approved raising Rs 22.20 Cr via preferential allotment of 3,97,377 convertible warrants and 8,33,331 equity shares at Rs 180 each. These funds will support a Rs 27.50 Cr capital expenditure to increase Ultra High Purity tube capacity by 500 MTPA, strengthening its current Rs 114 Cr order book. Leadership saw Shri Ritvik Saraf appointed as Promoter Non-Executive Director, Shri Rajendra C. Saraf designated Non-Executive Chairman, and Shri Vishwambhar C. Saraf became Chairman Emeritus following his resignation.