Corporate Action31 Jul 2026, 07:31 pm
Remi Edelstahl approves ₹18.55 Cr preferential issue, management changes
AI Summary
Remi Edelstahl Tubulars Ltd's Board of Directors, at its meeting on July 31, 2026, approved a significant preferential issue totaling ₹18.55 crore. This includes 1,97,377 convertible warrants to WSG Co., Ltd (non-promoter) and 8,33,331 equity shares to promoter and non-promoter groups, all at ₹180 per share/warrant. The board also approved the unaudited financial results for the quarter ended June 30, 2026, and reappointed Kejriwal & Associates as Cost Auditors and SIGMAC & Co. as Internal Auditors for FY 2026-27. Additionally, Shri Rajendra C. Saraf was designated Non-Executive Chairman, and Shri Ritvik Saraf was appointed as Promoter, Non-Executive, Non-Independent Director.
Key Highlights
- Board approved preferential issue of 10.31 lakh shares/warrants at ₹180 each.
- Capital raise totals ₹18.55 crore from promoter and non-promoter groups.
- Q1 FY27 unaudited financial results were also approved.
- Auditors Kejriwal & Associates and SIGMAC & Co. reappointed for FY26-27.
- Rajendra Saraf designated Chairman; Ritvik Saraf appointed Director.
Price Impact
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