Remi Edelstahl Tubulars Limited has received credit rating reaffirmation from CARE Ratings for its bank facilities worth ₹46.16 crores. The company informed BSE Limited about this development on January 13, 2026.

Credit Rating Details

CARE Ratings has maintained its assessment of the company's creditworthiness across both long-term and short-term facilities. The rating agency reaffirmed its outlook on the company's financial capabilities without any changes to the existing ratings.

Rating Significance

The CARE BB+ rating with stable outlook for long-term facilities indicates the rating agency's assessment of the company's moderate credit risk profile. The stable outlook suggests that CARE expects the company's credit profile to remain consistent in the near term.

For short-term facilities, the CARE A4+ rating reflects the agency's view on the company's ability to meet its short-term financial obligations. This rating category typically indicates adequate safety for timely payment of financial obligations.

Corporate Communication

The rating reaffirmation was communicated to BSE Limited through an official letter signed by H.H. Joshi, Company Secretary and Compliance Officer of Remi Edelstahl Tubulars Limited. The communication was digitally signed and submitted as part of the company's regulatory compliance requirements.

Remi Edelstahl Tubulars Limited, incorporated in 1970, operates from its registered office in Mumbai and is engaged in the tubular products business. The company trades on BSE under the scrip code 513043.

Remi Edelstahl Tubulars Limited has undergone a change in its promoter group structure following a scheme of amalgamation approved by the National Company Law Tribunal (NCLT) Mumbai. The amalgamation has resulted in Hanuman Freight and Carriers Private Limited acquiring a stake in Remi Edelstahl Tubulars and becoming a member of its promoter group.

Key Details of the Amalgamation

• Acquired Stake: Hanuman Freight and Carriers Private Limited has acquired 582 equity shares, representing a 0.0048% stake in Remi Edelstahl Tubulars Limited.
• Transaction Date: The acquisition was completed on November 21, 2025.
• Promoter Group Holding: Following the transaction, the promoter group now holds 86,84,491 shares, representing 72.10% of Remi Edelstahl's total voting capital.

Impact on Shareholding

The amalgamation has led to changes in the shareholding structure of Remi Edelstahl Tubulars Limited:

This corporate action has resulted in the promoter group holding 72.10% of Remi Edelstahl Tubulars Limited's shares. The inclusion of Hanuman Freight and Carriers Private Limited in the promoter group marks a change in the company's ownership structure.