Board allotted 8,33,331 equity shares at Rs 180 per share aggregating Rs 15 Cr on preferential basis to 5 promoter-group and non-promoter allottees. Warrants not allotted for non-receipt of funds. Completes AGM-approved equity leg after exchange nod, securing expansion funding; continues equity-funded growth pattern. Lapse of technology-partner warrants leaves part of planned capital unraised. Raises equity base with promoter-group dominance; dilution and lock-in apply. Proceeds use, pricing basis and timeline for warrant reissue remain undisclosed; funding gap to monitor.
Remi Edelstahl Tubulars Wins ₹60.25 Crore Heat Exchanger Tubes Orders
Remi Edelstahl Tubulars Approves ₹22.2 Crore Preferential Issue And ₹27.5 Crore Capex