The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for WSG Co. Ltd
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WSG Co. Ltd, a Korea-based company (not part of the promoter group), has disclosed acquisition of 6,69,226 equity shares in Remi Edelstahl Tubulars Ltd, representing 5.31% of the company's share capital. The shares were allotted on March 4, 2026, through conversion of convertible warrants issued on a preferential basis (1:1 conversion ratio). WSG's holding went from 0% to 5.31%, pushing the company's total equity capital from Rs. 11.95 crore (1.19 crore shares) to Rs. 12.61 crore (1.26 crore shares) of Rs. 10 face value each. This is the first stake acquisition by WSG in the company.
A new non-promoter foreign investor (WSG Co. Ltd, Korea) has entered the shareholder list with a 5.31% stake, which may indicate strategic interest from a foreign partner but slightly dilutes existing shareholders' proportional holdings due to the preferential warrant conversion.