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.

Remi Edelstahl Tubulars Limited , a pioneer in stainless steel pipes and tubes manufacturing, has announced its financial results for the first quarter ended June 30, 2025, alongside a strategic partnership with a South Korean firm.

Q1 Financial Highlights

The company reported a net profit of Rs 21.07 lakhs for Q1 FY2026, marking a 7.23% increase from Rs 19.65 lakhs in the same quarter last year. The total income for the quarter stood at Rs 2,734.74 lakhs, up 18.73% from Rs 2,303.36 lakhs in Q1 FY2025.

Key financial metrics for Q1 FY2026:

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) improved by 5.22% year-over-year, reaching Rs 144.83 lakhs.

Strategic Partnership with WSG Co. Limited

In a significant move, Remi Edelstahl Tubulars has entered into a strategic partnership with WSG Co. Limited, a leading South Korean company. This collaboration aims to manufacture Ultra High Purity (UHP) and titanium stainless steel tubes in India.

Key aspects of the partnership include:

1. Technology Transfer: WSG will provide technology license and machinery to manufacture UHP and titanium tubes.

2. Equity Investment: WSG will invest USD 1 million (approximately Rs 8.65 crore) through convertible warrants in Remi Edelstahl Tubulars.

3. Preferential Allotment: The company will issue 6,69,226 convertible warrants to WSG at Rs 129.33 per warrant, convertible into equity shares within 18 months.

Expansion and Diversification

The partnership is expected to strengthen Remi's technological capabilities, drive product diversification, and enhance its global competitiveness. The company plans to develop tubes for applications in food & beverage, dairy, pharmaceutical, and semiconductor industries.

Additional Corporate Actions

The Board of Directors has also approved:

1. Preferential allotment of 5,00,000 equity shares to a promoter group entity.
2. Issuance of 6,95,893 equity shares to non-promoter category investors.
3. Reappointment of cost and internal auditors, and appointment of a new secretarial auditor.

Management Commentary

Rishabh R. Saraf, Managing Director of Remi Edelstahl Tubulars, stated, "Our Q1 results demonstrate resilience in a challenging environment. The strategic partnership with WSG marks a significant step in our growth journey, allowing us to expand into high-value product segments and reinforce our 'Make in India for the world' vision."

The 54th Annual General Meeting of the company is scheduled for August 28, 2025, to be held virtually.

Remi Edelstahl Tubulars Limited continues to focus on innovation and expansion, positioning itself for sustained growth in the stainless steel manufacturing sector.