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

The company has announced its financial results for the quarter, reporting revenue of ₹35.19 Cr and net profit of ₹0.45 Cr, citing increased energy costs impacting profitability. The board approved a capital expenditure of ₹27.50 Cr to boost Ultra High Purity (UHP) tube capacity by 500 MTPA, targeting pharma, semiconductor, and solar sectors. To support this growth, ₹22.20 Cr will be raised through a preferential allotment of convertible warrants and equity shares to promoter and non-promoter groups. Leadership updates include the appointment of Ritvik Saraf as a Non-Executive Director, Rajendra Saraf as Non-Executive Chairman, and Vishwambhar Saraf transitioning to Chairman Emeritus.