Consolidated Scrutinizer''s Report of 54th AGM of the Company
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Remi Edelstahl Tubulars held its 54th Annual General Meeting on August 28, 2025, and all six resolutions put to vote were passed with near-unanimous support (about 99.99% in favour in each case). The four ordinary resolutions covered adoption of the audited financial statements for FY25, re-appointment of Rajendra C. Saraf as director retiring by rotation, ratification of cost auditor remuneration for FY26, and appointment of Kamlesh Rajoria as secretarial auditor for a 5-year term starting FY26. The two special resolutions approved preferential allotments — one for convertible warrants to non-promoters and another for equity shares to a promoter group member and non-promoters. Overall voting turnout was 77.10% (84.67 lakh of 1.09 crore shares), with promoters voting fully in favour on all items except the resolution where a promoter group member was interested, where only 66.87% of promoter shares voted.
Routine AGM clearance with overwhelming shareholder support reflects stable governance. The approved preferential allotments of warrants and equity shares to promoter group members and non-promoters may lead to equity dilution for existing shareholders once the issue price and quantity are confirmed, which is the key thing to watch next.