Remi Edelstahl Tubulars Limited has announced a significant financial decision that will impact its capital structure. The company's Board of Directors has approved the redemption of preference shares worth Rs 4.00 crore, demonstrating a move to optimize its financial position.

Key Details of the Redemption

• Shares to be Redeemed: 400,000 unlisted preference shares
• Type: 6% Non-Cumulative, Non-Convertible preference shares
• Nominal Value: Rs 100.00 per share
• Total Redemption Amount: Rs 4.00 crore

Board Meeting and Approval

The decision was made during a board meeting held on September 19, 2025. According to the company's filing:

• The board meeting commenced at 3:30 p.m.
• The redemption was approved under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Information

Remi Edelstahl Tubulars Limited is headquartered at Remi House, Plot No.11, Cama Industrial Estate, Walbhat Road, Goregaon (E), Mumbai - 400 063, India. The company, with CIN L28920MH1970PLC014746, operates in the industrial sector.

Management Statement

Rishabh Saraf, Managing Director of Remi Edelstahl Tubulars Limited, signed off on the regulatory filing, confirming the board's decision.

This move to redeem preference shares at their nominal value may indicate the company's strategy to simplify its capital structure or reduce dividend obligations.

Remi Edelstahl Tubulars Limited 's Board of Directors has given the green light to a voluntary delisting proposal, marking a significant development for the company's shareholders and market presence.

Delisting Proposal Details

The delisting proposal comes from four promoter entities:

• Remi Securities Limited
• Bajrang Finance Limited
• Remi Finance & Investment Private Limited
• Vishwakarma Jobworks Limited

These promoters aim to acquire all publicly held equity shares of Remi Edelstahl Tubulars and subsequently delist the company from the BSE Limited.

Financial Aspects of the Proposal

The Board has accepted the due diligence report from the merchant banker, Systematix Corporate Services Limited. Key financial details of the delisting proposal include:

Objectives of the Delisting

The promoter entities have outlined several objectives for this move:

1. Obtain full ownership of the company
2. Increase operational flexibility
3. Achieve cost savings
4. Enhance management focus on business operations

Next Steps and Conditions

While the Board has approved the proposal, it's important to note that this decision is subject to:

1. Shareholder approval through a postal ballot
2. Compliance with all relevant regulatory requirements

Impact on Shareholders

Shareholders of Remi Edelstahl Tubulars should pay close attention to the upcoming postal ballot and any further communications from the company regarding this delisting proposal. The proposed delisting, if successful, would mean that public shareholders would need to tender their shares at the final delisting price.

This development represents a significant change in the company's structure and market presence. Shareholders are advised to carefully consider the proposal and its implications for their investment in Remi Edelstahl Tubulars Limited.