Remi Edelstahl Tubulars has received in-principle approval from the Bombay Stock Exchange (BSE) for a preferential issue of equity shares and convertible warrants. The company disclosed the regulatory clearance on September 10, 2026, following shareholder approval at its Annual General Meeting on August 31, 2026.

The BSE granted the approval vide letter number LOD/PREF/RB/FIP/765/2026-27 dated September 9, 2026. The issuance is structured under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Issue Structure

The preferential allotment comprises two distinct instruments: equity shares and convertible warrants. The total quantum involves 8,33,331 equity shares and 3,97,377 convertible warrants. The warrants are exclusively allotted to a non-promoter entity, while the equity shares are distributed among both promoter and non-promoter groups.

The promoter group entities receiving equity shares are Hanuman Freight & Carriers Private Limited and Skyrise Mercantile Limited. The non-promoter allottees for the equity component include Jay Bharat Mehta, J B Mody Enterprises LLP, and SNS Ventures LLP. WSG CO., Ltd. is the sole recipient of the convertible warrants.

Regulatory Compliance

Remi Edelstahl Tubulars submitted the intimation to the Listing Operations department of BSE Limited at Dalal Street, Mumbai. The disclosure confirms that all necessary shareholder approvals were secured during the AGM held in late August 2026. The company requested the exchange to record the intimation for its official records.

Shareholders of Remi Edelstahl Tubulars approved all eight resolutions proposed at the company’s 55th Annual General Meeting (AGM) held on August 31, 2026. The consolidated scrutinizer’s report confirms that every ordinary and special resolution received requisite majority support, with assent votes exceeding 99.99% across all agenda items.

The meeting was conducted via video conferencing, beginning at 3:31 pm under the chairmanship of Mr. Rishabh Saraf, Chairman and Managing Director. Thirty members were physically present for the session.

Voting Results Overview

The remote e-voting process, facilitated by NSDL, ran from August 26 to August 30, 2026. The cut-off date for determining voting eligibility was August 24, 2026. Out of a total shareholding of 12,614,519 shares, approximately 88.67 lakh votes were polled, representing a participation rate of roughly 70.29%.

Kamlesh Rajoria & Associates served as the scrutinizer for the meeting. The firm confirmed that all resolutions were passed in compliance with the Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Ordinary Resolutions

Shareholders approved three ordinary resolutions:

• Adoption of audited financial statements for FY26 (ended March 31, 2026).
• Re-appointment of Mr. Rajendra C. Saraf as Director retiring by rotation.
• Ratification of remuneration for M/s Kejriwal & Associates as Cost Auditors for FY27.

Special Resolutions

Five special resolutions concerning governance and capital structure were also passed:

• Appointment of Mr. Ritvik V. Saraf as Promoter Non-executive, Non-Independent Director.
• Appointment of Mr. Ankur Sanjay Mehta as Independent Director for a five-year term starting June 1, 2026.
• Approval of material related-party transactions.
• Authorization to issue Convertible Warrants on a preferential basis to non-promoters.
• Approval for the issue of equity shares on a preferential basis to promoter group members and non-promoters.

Governance and Compliance

The Board of Directors present included Mr. Harkishan Zaveri (Independent Director and Audit Committee Chairman) and Mrs. Archana Bajaj (Independent Director). Mr. Vinod Jalan served as Chief Financial Officer. Ms. H.H. Joshi, Company Secretary and Compliance Officer, confirmed that statutory registers were available digitally and that voting results would be submitted to stock exchanges.

Detailed Voting Breakdown

The following table summarizes the voting pattern for key resolutions, highlighting the strong promoter support and minimal dissent from public shareholders.

Promoter group members held 86,84,491 shares and voted overwhelmingly in favour of all resolutions. Public non-institutional shareholders held 39,30,028 shares, with only two dissenting votes recorded across most agenda items.