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.

Remi Edelstahl Tubulars Limited , a pioneer in stainless steel pipes and tubes manufacturing in India, has unveiled ambitious plans for global expansion alongside its Q1 FY26 financial results. The company is set to embark on a strategic alliance with a South Korean partner, marking a significant step towards international growth and technological advancement.

Strategic Partnership with WSG Co. Limited

The Board of Directors of Remi Edelstahl Tubulars has approved a Warrants Subscription Agreement (WSA) with WSG Co. Limited, South Korea. This partnership aims to manufacture Ultra High Purity (UHP) and titanium stainless steel tubes in India, leveraging WSG's technology and licenses. The collaboration includes:

• WSG's investment of USD 1 million in convertible warrants of Remi Edelstahl Tubulars.
• Technology transfer and machinery supply from WSG for manufacturing UHP and titanium tubes.
• Issuance of 6,69,226 convertible warrants to WSG at Rs. 129.33 per warrant.

This strategic move is expected to enhance Remi's technological capabilities, drive product diversification, and boost its global competitiveness.

Expansion and Fundraising Initiatives

In addition to the partnership, Remi Edelstahl Tubulars is undertaking several capital raising measures:

1. Preferential allotment of 5,00,000 equity shares to a promoter group entity at Rs. 129.33 per share.
2. Issuance of 6,95,893 equity shares to non-promoter category investors at the same price.

These initiatives are aimed at supporting the company's expansion plans and strengthening its financial position.

Q1 FY26 Financial Performance

Remi Edelstahl Tubulars has reported a robust performance for the first quarter of FY 2025-26:

The company has shown significant growth in revenue and profitability compared to the same quarter last year. The total income increased by 18.73% year-on-year, while net profit saw a 7.23% rise.

Future Outlook

Rishabh Saraf, Managing Director of Remi Edelstahl Tubulars, commented on the results and future plans: "Our Q1 performance sets a positive tone for the fiscal year. The strategic partnership with WSG Co. Limited opens new avenues for growth in high-value products. We are focused on expanding our manufacturing capabilities in UHP and titanium tubes, which will strengthen our position in critical industries such as semiconductor, pharmaceutical, and aerospace sectors."

The company's expansion strategy aligns with the 'Make in India' initiative, aiming to enhance domestic manufacturing capabilities and reduce import dependence in specialized steel products.

As Remi Edelstahl Tubulars embarks on this new phase of growth, investors and industry observers will be keenly watching the implementation of these strategic initiatives and their impact on the company's market position in the coming quarters.