Remi Edelstahl Tubulars Ltd — Important, 07-08-2026: Company Update

Remi Edelstahl Tubulars has released its Annual Report for FY2025-26 and announced its 55th Annual General Meeting for August 31, 2026. The company saw turnover rise to Rs 142.92 Cr, with net profit at Rs 2.74 Cr. Key proposals include ratifying cost auditor fees of Rs 90,000 and appointing Ritvik Saraf and Ankur Mehta to the Board. The company seeks shareholder approval for two capital raises: issuing 3,97,377 convertible warrants to WSG Co., Ltd. for Rs 7.15 Cr, and 8,33,331 equity shares for Rs 15 Cr to promoter and non-promoter entities. These funds will finance capital expenditure for UHP stainless tube production, boosting future growth. Material related party transactions up to Rs 20 Cr annually also require approval.