Synopsis:
Remi Edelstahl Tubulars has reported Q1FY26 results and strategic investments including preferential issues and warrant subscriptions, signed tech collaboration with WSG (Korea),.
The company, engaged in the manufacturing of Stainless Steel Pipes and Tubes announced key decisions including Q1FY26 financials, multiple preferential allotments, strategic partnership with South Korea’s WSG Co. Ltd., and reappointment of auditors for FY26.
With market capitalization of Rs. 165 cr, the shares of Remi Edelstahl Tubulars Ltd are currently valued at Rs. 150.36 which is up by 20% in today’s market session, from its previous closing of Rs. 125.30 per share.
Remi Edelstahl Tubulars Reports Q1 FY26 Results
Revenue Grows 19% YoY, PAT Up Marginally. Remi Edelstahl Tubulars Ltd reported a 19% YoY growth in total income at Rs. 2,734.74 lakhs in Q1 FY26, up from Rs. 2,303.36 lakhs in Q1 FY25. EBITDA stood at Rs. 144.83 lakhs, reflecting a modest 5% increase from Rs. 137.64 lakhs in the same quarter last year. Profit After Tax (PAT) rose marginally to Rs. 21.07 lakhs in Q1 FY26 compared to Rs. 19.65 lakhs in Q1 FY25.
Remi Edelstahl Tubulars Ltd. held its Board of Directors meeting on July 29, 2025, during which several key decisions were taken, including the financial results for Q1FY26. The board also approved the reappointment of statutory auditors and announced a significant investment and collaboration with WSG Co. Ltd., South Korea.
The board reported financial results for the quarter ended June 30, 2025. Alongside, it reappointed Kejriwal & Associates as Cost Auditors, SIGMAC & Co. as Internal Auditors, and appointed Kamlesh Rajoria & Associates as Secretarial Auditors for a five-year term starting FY26.
A major highlight of the meeting was the approval of a strategic Warrants Subscription Agreement (WSA) with WSG Co. Ltd., South Korea. Under this agreement, WSG will invest USD 1 million in the company via subscription of 6,69,226 convertible warrants priced at Rs. 129.33 each. In addition, the two companies signed a Technology License and Machinery Purchase Agreement (TLMPA) under which WSG will provide advanced machinery and technology for manufacturing UHP (Ultra High Purity) and titanium stainless steel tubes in India.
The board also approved three preferential allotments:
- 6,69,226 convertible warrants to WSG (Non-Promoter)
- 6,95,893 equity shares to non-promoter investors
- 5,00,000 equity shares to Remi Finance & Investment Pvt Ltd (Promoter Group)
Each issuance is priced at Rs. 129.33 per share/warrant, aggregating to a total capital infusion of approximately Rs. 24.12 crore. These allotments are subject to statutory and shareholder approvals.
This set of strategic moves marks a significant growth phase for Remi Edelstahl, enhancing its capital base and strengthening its international ties through technology and capital collaboration with WSG, South Korea.
About the company
REMI Edelstahl Tubulars Ltd. (RETL) is India’s pioneer stainless steel pipes and tubes manufacturer. Established in 1970, RETL has evolved into a trusted supplier for critical industries such as oil & gas, petrochemicals, power generation and many more.
Written by Manideep Appana
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