Audited Financial Results for company for the quater and year ended 31/03/2026 alongwith audit report and declaration of unmodified opion and as per letter attached
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Remi Edelstahl Tubulars reported FY2026 results with revenue of Rs 141.62 crore (up 2.2% YoY) and net profit of Rs 2.74 crore (up 2.6% YoY). Total assets nearly doubled to Rs 137.62 crore, driven by significant capital expansion in UHP (Ultra High Purity) tubes for semiconductor projects. Borrowings increased substantially from Rs 14.96 crore to Rs 52.61 crore to fund the capex. The company raised Rs 14.62 crore via preferential issue in October 2025, with funds fully deployed as planned (Rs 12.10 crore plant & machinery, Rs 8.75 crore technology). The audit report is unmodified. The board saw a director change: Shri Mahabir Prasad Sharma resigned as Independent Director citing health reasons effective June 1, 2026, and Shri Ankur Mehta (aged 47, commerce graduate with 28 years of manufacturing and export experience) was appointed as Independent Director for a 5-year term effective June 1, 2026, subject to shareholder approval.
Solid financial performance with improved profitability. Significant asset expansion signals confidence in semiconductor sector opportunities. The director replacement maintains board independence and brings fresh external expertise. Higher debt levels for capex will need monitoring but appear aligned with strategic growth plans.