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

The company's board has approved its 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. The board sanctioned a 27.50 Cr capital expenditure to boost Ultra High Purity (UHP) tubes capacity by 500 MTPA. To fund this, the company will raise 22.20 Cr through preferential allotment of warrants (7.15 Cr) and equity shares (12 Cr to promoters, 3 Cr to non-promoters). The company has an order book of approximately 114 Cr. Additionally, Ritvik Saraf was appointed Director, Rajendra C. Saraf as Non-Executive Chairman, and Vishwambhar C. Saraf as Chairman Emeritus following his resignation. Cost and Internal auditors were also reappointed.