Remi Finance Boosts Stake in Remi Edelstahl Tubulars Through Preferential Allotment

Remi Edelstahl Tubulars Limited has announced a change in its shareholding structure following a preferential allotment of shares to Remi Finance and Investment Private Limited, a member of the promoter group. This move has resulted in an increase in the promoter group's stake and a change in the company's equity capital.

Key Details of the Acquisition

Aspect	Before Acquisition	After Acquisition
Remi Finance's Shareholding	22.75%	24.99%
Combined Promoter Group Holding	68.67%	70.90%
Equity Share Capital	10,98,24,000	11,94,52,930
Total Equity Shares	1,09,82,400	1,19,45,293

Transaction Specifics

Shares Acquired: 2,67,000 equity shares
Acquisition Date: October 20, 2025
Price per Share: Rs. 10
Mode of Acquisition: Preferential Allotment

The preferential allotment has increased Remi Edelstahl Tubulars' equity share capital, with the total number of equity shares rising from 1,09,82,400 to 1,19,45,293.

Regulatory Compliance

Remi Finance and Investment Private Limited submitted the disclosure under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure followed the intimation from Remi Edelstahl Tubulars Limited regarding the allotment of equity shares on a preferential basis.

The transaction may indicate the promoter group's confidence in Remi Edelstahl Tubulars Limited. Investors and market observers might want to monitor any potential impacts this increased promoter holding could have on the company's future decisions and performance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.22%	-7.70%	-12.86%	+39.21%	+77.53%	+931.61%

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.