Remi Edelstahl Tubulars Limited has undergone a significant change in its promoter group structure following a scheme of amalgamation approved by the National Company Law Tribunal (NCLT) Mumbai. The amalgamation has resulted in Hanuman Freight and Carriers Private Limited acquiring a stake in Remi Edelstahl Tubulars and becoming a member of its promoter group.

Key Details of the Amalgamation

• Acquired Stake: Hanuman Freight and Carriers Private Limited has acquired a 1.79% stake in Remi Edelstahl Tubulars Limited.
• Previous Holder: The shares were previously held by Hanuman Forging and Engineering Private Limited, which was the transferor company in this amalgamation.
• Promoter Holding: Following the amalgamation, promoters of Remi Edelstahl Tubulars now hold 99.25% shares in Hanuman Freight and Carriers Private Limited.

Impact on Shareholding

The amalgamation has led to changes in the shareholding structure of Remi Edelstahl Tubulars Limited:

Company Capital Structure

Remi Edelstahl Tubulars Limited's capital structure is as follows:

This corporate action strengthens the promoter group's position in Remi Edelstahl Tubulars Limited, with their total holding now standing at 70.90% of the company's shares. The inclusion of Hanuman Freight and Carriers Private Limited in the promoter group may potentially influence the company's future strategic decisions.

Remi Edelstahl Tubulars Limited , a pioneer in stainless steel pipes and tubes manufacturing, has announced its financial results for the second quarter of fiscal year 2026, showcasing robust growth and improved profitability.

Financial Highlights

The company reported a revenue of Rs 3,344.84 lakhs in Q2 FY26, marking a 5% increase compared to the same quarter last year. This growth was accompanied by a significant quarter-on-quarter improvement, with revenues rising 23% from Q1 FY26.

Profitability and Operational Efficiency

Remi Edelstahl Tubulars demonstrated strong operational performance, with EBITDA reaching Rs 261.73 lakhs, up 3% year-over-year and an impressive 81% quarter-on-quarter. The company's net profit after tax stood at Rs 103.14 lakhs, showing a remarkable 390% increase from the previous quarter, although it decreased by 18% compared to the same period last year.

Strategic Developments

The company has made significant strides in expanding its market presence and product portfolio:

1. Technology Partnership: Remi Edelstahl Tubulars has entered into a strategic partnership with WSG Co. Ltd from South Korea. This collaboration aims to manufacture tubes for the food, dairy, and pharmaceutical industries, potentially opening new revenue streams.

2. Capital Raising: On October 20, 2025, the company allotted:

   • 6,69,226 convertible warrants to non-promoters
   • 2,67,000 equity shares to promoter group entities
   • 6,95,893 equity shares to non-promoters All these were issued at Rs 129.33 per warrant/equity share, including a premium of Rs 119.33.

Management Commentary

Rishabh R. Saraf, Managing Director of Remi Edelstahl Tubulars Limited, stated, "Our Q2 results reflect the company's resilience and strategic focus. The significant quarter-on-quarter growth in revenue and profitability underscores the effectiveness of our operational strategies. Our partnership with WSG Co. Ltd is a step towards diversifying our product range and tapping into new market segments."

Outlook

With its strong financial performance, strategic partnerships, and focus on expanding its product portfolio, Remi Edelstahl Tubulars appears well-positioned for continued growth. The company's efforts in capital raising and technological collaborations may provide it with the resources needed to capitalize on emerging opportunities in the stainless steel tubes and pipes sector.