Remi Edelstahl Tubulars Ltd

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.

📍 Board Meeting Decisions

• Board Meeting held on March 4, 2026, approved allotment of 669,226 equity shares at Rs. 129.33 each.
• Shares allotted to WSG Co. Ltd., a South Korean non-promoter entity, via conversion of convertible warrants.
• Allotted shares rank pari passu with existing equity shares for dividend and voting rights.

📊 Capital Structure Changes

• Issued, subscribed, and paid-up equity capital increased from Rs. 119.45 crore to Rs. 126.14 crore.
• Total consideration for allotment was approximately Rs. 8.65 crore, with 75% subscription amount received.
• Equity shares issued are fully paid-up with a face value of Rs. 10 each.

⚠️ Regulatory Compliance

• Allotment follows preferential issue under SEBI (ICDR) Regulations, 2018, on a private placement basis.
• This allotment continues prior allotment of convertible warrants on October 20, 2025.