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

The company's board approved quarterly financial results, reporting a net profit of 0.45 Cr, impacted by higher energy costs. The board sanctioned Rs. 27.50 Cr for capital expenditure to boost Ultra High Purity (UHP) tube capacity by 500 MTPA, vital for pharma and semiconductor sectors. To fund this, preferential allotment of shares and convertible warrants totaling 22.20 Cr was approved for promoter and non-promoter groups. Ritvik Saraf was appointed Director, while Vishwambhar C. Saraf became Chairman Emeritus, and Rajendra C. Saraf was named Non-Executive Chairman. The current order book stands at approximately 114 Cr.