Proceeding/ Outcome of 54th Annual General Meeting
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Remi Edelstahl Tubulars Limited held its 54th Annual General Meeting on August 28, 2025, via video conferencing, with 23 members present. All ordinary resolutions were approved, including adoption of the audited financial statements for FY ended March 31, 2025, re-appointment of director Rajendra C. Saraf (retiring by rotation), ratification of cost auditors' remuneration, and appointment of Kamlesh Rajoria as Secretarial Auditor for a 5-year term starting FY 2025-26. Two special resolutions were also passed: one for issuing convertible warrants on a preferential basis to non-promoters, and another for issuing equity shares on a preferential basis to a promoter group member and non-promoters. The meeting concluded at 11:58 AM after combined e-voting results were noted to be filed separately.
The approval of preferential allotments (warrants and equity shares) indicates an upcoming capital raise that may dilute existing shareholders' stakes, depending on issue size and pricing, which will be disclosed later. All resolutions passed without reported dissent, reflecting smooth shareholder approval of routine governance and capital-related proposals.