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

The company's board approved financial results for the quarter, reporting a revenue of 35.19 Cr and a net profit of 0.45 Cr, impacted by higher energy costs. To fuel growth, the board sanctioned a 27.50 Cr capital expenditure to boost Ultra High Purity tubes capacity by 500 MTPA. This CapEx will be financed by raising 22.20 Cr through preferential allotment of 3,97,377 convertible warrants and 8,33,331 equity shares to promoter and non-promoter entities at Rs 180 each. The board also appointed Shri Ritvik Saraf as a Non-Executive Director, designated Shri Rajendra C. Saraf as Non-Executive Chairman, and Shri Vishwambhar C. Saraf as Chairman Emeritus following his resignation. The current order book stands at approximately 114 Cr.