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

The company's board has announced its financial results for the quarter, reporting revenue of ₹35.19 Cr and a net profit of ₹0.45 Cr, impacted by increased energy costs. The current order book stands at ₹114 Cr. To fund growth, the board approved raising ₹22.20 Cr via preferential allotment of convertible warrants and equity shares at ₹180 each. A ₹27.50 Cr capital expenditure was sanctioned to boost Ultra High Purity tube capacity by 500 MTPA. Board changes include Shri Ritvik Saraf's appointment as Non-Executive Director, Shri Vishwambhar C. Saraf's resignation due to age (now Chairman Emeritus), and Shri Rajendra C. Saraf becoming Non-Executive Chairman.