Announced Wed, 1 Oct · 19:13 IST

Corrigendum to the 54th Notice of AGM -Scrutinizer report / voting result ( as attached)

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Remi Edelstahl Tubulars filed a corrigendum to its 54th AGM notice after BSE raised observations, reopening remote e-voting for 48 hours from September 29 to October 1, 2025. Two special resolutions were put to vote: (1) issue of convertible warrants on a preferential basis to a non-promoter, and (2) issue of equity shares on a preferential basis to promoter group and non-promoters. Both resolutions were approved with 100% assent — 3,941 votes in favour and zero against, from 3 voters (public non-institutions), representing just 0.0359% of total outstanding shares (1.09 crore). No shareholder queries or questions were received during the re-voting window. The scrutinizer, Kamlesh Rajoria & Associates, confirmed the resolutions as passed.

Likely market impact

Both preferential allotment resolutions are now cleared, allowing the company to move ahead with issuing convertible warrants to a non-promoter and equity shares to promoter group and non-promoters. Despite 100% approval, the voting turnout was extremely thin (0.04%), reflecting limited retail participation rather than broad shareholder endorsement.