ALLOTMENT OE EQUITY SHARES ON CONVERSION OE CONVERTIBLE WARRANTS
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Remi Edelstahl Tubulars Ltd has allotted 6,69,226 equity shares of face value Rs. 10 each at a premium of Rs. 119.33 per share (total issue price of Rs. 129.33 per share) to WSG Co. Ltd., a South Korean non-promoter entity. This allotment is on conversion of 6,69,226 convertible warrants that were originally issued on October 20, 2025 on a preferential/private placement basis, with the balance 75% subscription money now received. As a result, the company's paid-up equity capital has increased from Rs. 11.94 crore (1,19,45,293 shares) to Rs. 12.61 crore (1,26,14,519 shares), a rise of about 5.6% in share count. The new shares will rank equally with existing shares for dividends and voting rights. Total aggregate consideration received on conversion is approximately Rs. 8.65 crore.
Minor dilution of about 5.6% for existing shareholders as 6.69 lakh new shares are issued. A foreign strategic investor (WSG Co., South Korea) is now fully invested, which may be viewed positively as a sign of confidence, though the dilution could exert mild short-term pressure on the stock price.