Investment4 Mar 2026, 11:32 am
Remi Edelstahl Tubulars Ltd Allots Equity Shares on Conversion of Convertible Warrants to WSG CO., LTD
AI Summary
Remi Edelstahl Tubulars Ltd has allotted 6,69,226 equity shares to WSG CO., LTD, a South Korean entity, following the conversion of convertible warrants. The allotment was approved during the Board of Directors meeting on March 04, 2026. The equity shares were issued at a premium of Rs. 119.33 per share, with a face value of Rs. 10/- each. The new equity shares will rank pari passu with the existing equity shares in all respects, including the payment of dividends and voting rights.
Key Highlights
- Remi Edelstahl Tubulars Ltd allotted 6,69,226 equity shares to WSG CO., LTD
- The allotment follows the conversion of convertible warrants
- The equity shares were issued at a premium of Rs. 119.33 per share
- The new equity shares will rank pari passu with existing shares
- The allotment was approved during the Board of Directors meeting on March 04, 2026