The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Remi Finance & Investment Pvt Ltd
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Remi Finance & Investment Pvt Ltd, a member of the promoter group of Remi Edelstahl Tubulars Ltd, has disclosed acquisition of 2,67,000 equity shares via preferential allotment on October 20, 2025. This raised the acquirer's individual holding from 22.75% to 24.99% of the company's voting rights, while total promoter and PAC group holding moved from 68.67% to 70.90%. The company's equity share capital expanded from Rs. 10.98 crore to Rs. 11.95 crore following the preferential issue. The disclosure was filed by Vinod Jalan, Director of Remi Finance & Investment Pvt Ltd, on October 23, 2025.
The promoter group's stake has strengthened further through a preferential allotment, signaling continued promoter confidence and control consolidation. The acquirer's individual shareholding is now at 24.99%, sitting just below the 25% creeping acquisition threshold, which means any further acquisition could trigger open offer obligations under SEBI takeover rules.