Redemption of unlisted preference shares as per attached letter
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The Board of Directors of Remi Edelstahl Tubulars Limited, at a meeting held on September 19, 2025, approved the redemption of 4,00,000 unlisted 6% Non-Cumulative, Non-Convertible preference shares of Rs 100 each. The total redemption amount is Rs 4 crore, paid at the nominal (face) value of the shares. Since these are non-convertible and non-cumulative preference shares, this does not affect equity share capital. The announcement was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.
This is a routine capital restructuring exercise where the company is paying back Rs 4 crore to preference shareholders at par value. It has no direct impact on equity shareholders or the stock price, though it simplifies the company's capital structure by removing a small fixed-cost instrument.