Remi Edelstahl Tubulars Ltd

Remi Edelstahl Tubulars Ltd — Closure of Trading Window

Board Meeting Outcomes

• Board meeting held Sept 23, 2026; approved 8,33,331 equity shares at Rs 180 to promoter/non-promoter groups.
• Total up to 6,66,666 promoter shares and 1,66,665 non-promoter shares; aggregate up to Rs 15 crore.
• Funds from one allottee not received; convertible warrants not issued.
• Five investors subscribed; lock-in as per SEBI ICDR Regulations, 2018.
• Annexure A provides detailed terms and investor list.

In-principle approval details

• BSE granted in-principle approval for the proposed preferential issue of equity shares and convertible warrants.
• Approval letter LOD/PREF/RB/FIP/765/2026-27 dated September 9, 2026.
• Proposed allotment includes 3,97,377 convertible warrants to WSG CO., Ltd (non-promoter).
• Proposed allotment includes 8,33,331 equity shares to promoter group and non-promoter entities.
• Promoter Group beneficiaries: Hanuman Freight & Carriers Private Limited and Skyrise Mercantile Limited.
• Non-Promoters: Jay Bharat Mehta, J B Mody Enterprises LLP and SNS Ventures LLP.
• The preferential issue was approved by shareholders at the AGM on August 31, 2026.
• Filing date: September 10, 2026.

AGM resolutions

• AGM held August 31, 2026 via video conferencing; all resolutions passed.
• Audited financial statements for year ended March 31, 2026 adopted.
• Shri Rajendra C. Saraf reappointed as Director (retires by rotation).
• Remuneration of Kejriwal & Associates, Cost Auditors for 2026-27 ratified.
• Shri Ritvik V. Saraf appointed as Promoter Non-Executive, Non-Independent Director.
• Shri Ankur Sanjay Mehta appointed as Independent Director for a five-year term.
• Approval of Material Related Party Transactions.
• Issue of convertible warrants on a preferential basis to non-Promoter.
• Issue of equity shares on preferential basis to promoter group and non-Promoters.
• All resolutions passed with requisite majority.

Ordinary resolutions

• Adopted Audited Financial Statements for year ended 31 March 2026.
• Re-appointed Rajendra C. Saraf as Director, retires by rotation.
• Re-appointed and ratified remuneration of Kejriwal & Associates, Cost Auditors, for 2026-27.
• AGM held on 31 Aug 2026 via video conferencing; resolutions passed by majority.

Special resolutions

• Appointed Ritvik Saraf as Promoter Non-executive, Non-Independent Director.
• Appointed Ankur Mehta as Non-executive Independent Director for five years from 01-06-2026.
• Approved material related party transactions.
• Approved issue of Convertible Warrants on a preferential basis to Non-Promoter.
• Approved issue of equity shares on a preferential basis to promoter group and non-promoters.

Upcoming AGM details

• 55th AGM set for 31 August 2026 at 3:30 PM IST via VC/OAVM.
• e-voting cut-off date is 24 August 2026.
• e-voting open 26 Aug 2026 09:00 IST to 30 Aug 2026 17:00 IST.
• Annual Report 2025-26 and AGM Notice available online.
• Update KYC details and email addresses per SEBI guidance.

AGM details

• AGM date/time: August 31, 2026 at 3:30 PM IST via VC/OAVM.
• Record/book closure: 24–31 August 2026.

Key resolutions

• Adopt Audited Financial Statements and related reports.
• Re-appoint Shri Rajendra C. Saraf by rotation.
• Ratify Cost Auditors' remuneration for 2026-27.
• Appoint Ritvik Saraf as Promoter Non-Executive Non-Independent Director.
• Appoint Ankur Mehta as Independent Director for 5 years from June 2026.
• Approve material related party transactions up to Rs 20 crore annually.
• Issue up to 3,97,377 Convertible Warrants to non-promoter (WSG Co., Ltd.).
• Issue up to 8,33,331 Equity Shares on preferential basis to promoter/non-promoter at Rs 180.

Voting results

• Voting results not disclosed in the filing.

Dividend

• Board expresses inability to declare any dividend.

Director changes

• Rajendra C. Saraf to be re-appointed by rotation.
• Ritvik Saraf appointed Promoter Non-Executive Non-Independent Director from August 1, 2026.
• Ankur S. Mehta appointed Independent Director for five years from June 1, 2026.

Auditors

• Cost Auditors' remuneration ratified for 2026-27 at Rs 90,000.
• Statutory auditors remain unchanged.

Material related party transactions

• Framework approved for material related party transactions up to Rs 20 crore per year with Remi Process Plant and Machinery Ltd.

Preferential issues and capital raises

• Warrants: up to 3,97,377 convertible warrants to WSG Co., Ltd. at Rs 180 each.
• Equity shares: up to 8,33,331 shares to promoter/non-promoter at Rs 180.

Board meeting & trading window

• Board meeting postponed from July 28, 2026 to July 31, 2026; agenda unchanged.
• Reason: due to certain unavoidable circumstances.
• Trading window extended to 48 hours after declaration of quarterly results for June 2026.
• Agenda remains as previously communicated.

Dematerialisation processing and listing status

• Dematerialisation certificates received were mutilated and cancelled after verification, with depositories substituted as owner within the prescribed timeline.
• Securities dematerialised up to the reporting period were listed on the stock exchange where earlier securities are listed.