Remi Edelstahl Tubulars Ltd — Dividend/Bonus, 31-07-2026: Corp. Action

The company's board approved Q1 financial results, showing revenue of 35.19 Cr and net profit of 0.45 Cr. Profitability was impacted by higher energy costs. The company will raise 22.20 Cr through preferential allotments, including 3.97 lakh convertible warrants at Rs.180 to a non-promoter and 8.33 lakh equity shares at Rs.180 to promoter and non-promoter groups. These funds will support a 27.50 Cr capital expenditure to increase Ultra High Purity (UHP) tube capacity by 500 MTPA over 12 months, a move aimed at high-growth sectors. The board also appointed Ritvik Saraf as Non-Executive Director, designated Rajendra C. Saraf as Non-Executive Chairman, and approved the AGM on August 31, 2026.