Remi Edelstahl Tubulars Approves Allotment of Convertible Warrants and Equity Shares on Preferential Basis

Remi Edelstahl Tubulars Limited (RETL) has announced that its Board of Directors has approved the allotment of 669,226 convertible warrants and 962,893 equity shares through a preferential issue at Rs 129.33 per security.

Key Details of the Preferential Issue

Aspect	Details
Convertible Warrants	669,226 allotted to WSG Co., Ltd., South Korea (non-promoter)
Equity Shares	962,893 distributed among five investors
Price per Security	Rs 129.33
Warrant Conversion Period	Within 18 months from allotment date
Total Consideration	Rs 8.66 crores for warrants, Rs 12.45 crores for equity shares

Equity Share Distribution

Remi Finance & Investment Private Limited: 267,000 shares
Girish Gulati HUF: 386,607 shares
Gunjan Bagaria: 154,643 shares
Dnyanesh R Bhatavadekar: 154,643 shares

Terms and Conditions

Warrants are convertible into equity shares within 18 months from the allotment date.
25% consideration for warrants is payable upfront, with the balance due upon conversion.
All securities are subject to lock-in provisions as per SEBI regulations.

This preferential issue represents a significant development for Remi Edelstahl Tubulars Limited, potentially impacting its capital structure and providing additional funds for the company's operations or expansion plans. Investors and stakeholders should note that this allotment may have implications for the company's ownership structure and future growth strategies.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.16%	+2.99%	-11.15%	+74.90%	+53.23%	+632.28%

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.

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.