Board Meeting31 Jul 2026, 07:41 pm
Remi Edelstahl Board Approves Preferential Allotments & Auditor Reappointments
AI Summary
Remi Edelstahl Tubulars Ltd's Board of Directors met on July 31, 2026, approving several key decisions. These include the reappointment of Kejriwal & Associates as Cost Auditors and SIGMAC & Co. as Internal Auditors for FY 2026-27. The board also approved preferential allotments of convertible warrants and equity shares to both non-promoter and promoter categories. Additionally, Shri Rajendra C. Saraf was designated Non-Executive Chairman, and Shri Ritvik Saraf was appointed as a Promoter Non-Executive, Non-Independent Director. The company also disclosed unaudited financial results and a limited review report for the quarter ended June 30, 2026.
Key Highlights
- Board approved preferential allotment of warrants to WSG Co., Ltd.
- Equity shares to be preferentially allotted to promoter and non-promoter groups.
- Auditors Kejriwal & Associates and SIGMAC & Co. reappointed.
- Shri Rajendra C. Saraf appointed Non-Executive Chairman.
- Shri Ritvik Saraf appointed Promoter Non-Executive, Non-Independent Director.
Price Impact
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