Allotment of of Equity Shares on conversion of convertible warrants
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On March 4, 2026, the Board of Remi Edelstahl Tubulars Ltd approved the allotment of 6,69,226 equity shares at a face value of Rs. 10 each with a premium of Rs. 119.33 per share, following the conversion of an equal number of convertible warrants. The warrants were originally issued on October 20, 2025, on a preferential basis to WSG Co. Ltd., a South Korean non-promoter entity, at Rs. 129.33 per warrant, with 25% received upfront and the balance 75% now paid at conversion. As a result, the company's paid-up equity capital increased from Rs. 11.94 crore to Rs. 12.61 crore. The newly allotted shares will rank equally with existing shares for dividends and voting rights.
This is a routine completion of a previously announced preferential warrant issue, leading to a modest equity dilution of about 5.6% and an inflow of approximately Rs. 6.49 crore to the company. For shareholders, the share base expands, but no new material capital raise beyond what was already disclosed in October 2025.