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

The company's board approved financial results for the quarter, reporting revenue of 35.19 Cr and net profit of 0.45 Cr, affected by increased energy costs. Its UHP tube project is in trial production, with an order book of 114 Cr. To fund a 27.50 Cr capital expenditure for boosting UHP tube capacity by 500 MTPA, the board approved raising 22.20 Cr. This includes a preferential allotment of 3,97,377 convertible warrants to a non-promoter and 8,33,331 equity shares to promoter and non-promoter groups at Rs.180 each. Board changes included new appointments, re-designations, and a new Non-Executive Chairman.