Company Update

Remi Edelstahl Tubulars has announced its 54th Annual General Meeting on August 28. Shareholders will consider adopting the financial results for the year ended March 31, 2025, showing improved performance with turnover at Rs 139.08 Cr and net profit at Rs 2.67 Cr.

Production volume surged over 24%. Key proposals include a preferential issue of 669,226 warrants worth Rs 8.65 Cr to a South Korean entity, and a preferential issue of 1,195,893 equity shares totaling Rs 15.47 Cr to promoter and non-promoter investors.

These funds will finance capital expenditure for plant modernization and new product development.