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

The company's board has approved raising Rs 22.20 Cr through preferential allotment of equity shares and convertible warrants to fund a Rs 27.50 Cr capital expenditure plan. This capex aims to boost Ultra High Purity (UHP) tube capacity by 500 MTPA. Quarterly financial results show revenue at Rs 35.19 Cr and net profit at Rs 0.45 Cr, impacted by higher energy costs. The company's order book stands at approximately Rs 114 Cr. Additionally, board changes include Shri Ritvik Saraf's appointment as a Director and Shri Rajendra C. Saraf's designation as Non-Executive Chairman.