Q1 revenue up 32%, Rs 22 cr preferential issue, Rs 27.5 cr UHP capex
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On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 5.4 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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REMI Edelstahl Q1 FY27 revenue rose 32% to Rs 35.19 cr; PAT more than doubled to Rs 45.14 lakhs. Board approved Rs 22.20 cr fundraise via preferential issue at Rs 180 per share or warrant, plus Rs 27.50 cr capex for 500 MTPA UHP tubes capacity. Senior director Vishwambhar C. Saraf resigns; Rajendra Saraf becomes Non-Executive Chairman, Ritvik Saraf joins board.
Fundraise signals capacity expansion push; strong Q1 earnings and leadership transition at promoter-run firm.