Remi Edelstahl Tubulars Limited has officially confirmed to BSE Limited that it does not fall under the Large Corporate classification as defined by SEBI regulations. The company submitted a formal letter on April 4, 2026, clarifying its regulatory status and associated compliance requirements.

Regulatory Compliance Confirmation

The company addressed its communication to the General Manager of Corporate Services at BSE Limited, specifically referencing SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular defines the criteria and requirements for Large Corporate entities in the Indian capital markets.

Management Declaration

Managing Director Rishabh Saraf digitally signed the confirmation letter, formally declaring the company's non-Large Corporate status. The digital signature was applied on April 6, 2026, providing official authentication to the regulatory communication.

Compliance Implications

Due to its confirmed non-Large Corporate status, Remi Edelstahl Tubulars Limited is exempt from filing the Initial Disclosure requirements specified in Annexure A of the referenced SEBI circular. The company has requested BSE Limited to take this confirmation on record for their regulatory files.

Company Information

Remi Edelstahl Tubulars Limited operates from its registered office at Remi House, Plot No. 11 Cama Industrial Estate, Walbhat Road, Goregaon (E), Mumbai - 400063. The company maintains its corporate website at www.remigroup.com and holds CIN L28920MH1970PLC014746.

Remi edelstahl tubulars Limited has completed a significant warrant conversion transaction with WSG CO., LTD, prompting regulatory disclosures under both listing regulations and takeover norms. The South Korean company has now filed mandatory disclosure under SEBI's substantial acquisition regulations after securing a 5.31% stake in the Indian tubular manufacturer.

Warrant Conversion Transaction Completion

The Board of Directors approved the allotment of 6,69,226 equity shares during their meeting held on March 04, 2026, which commenced at 10.30 A.M and concluded at 11.25 A.M. This conversion stems from the original warrant allotment made on October 20, 2025, when WSG CO., LTD had initially paid 25% of the issue price.

SEBI Takeover Disclosure Filing

WSG Co., Ltd. has submitted the mandatory disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on March 5, 2026. The South Korean entity, represented by Director Kang Victor Ghiyong, filed the disclosure with BSE Limited following the warrant conversion completion.

Capital Structure Impact

The warrant conversion has resulted in a significant increase in the company's equity capital structure. WSG CO., LTD, a South Korean non-promoter entity, has now paid the remaining 75% balance subscription amount to complete the conversion process.

Regulatory Compliance Framework

The transaction has triggered multiple regulatory disclosure requirements. The company initially filed under Regulation 30 of the Listing Regulations, while WSG Co., Ltd. subsequently filed the takeover disclosure as the acquisition crossed the 5% threshold requiring substantial acquisition disclosure.

The newly allotted equity shares will rank pari passu with existing equity shares in all respects, including dividend payments and voting rights. The successful completion demonstrates continued investor confidence from the South Korean entity and provides additional capital for business operations while ensuring full regulatory compliance under Indian securities laws.