Remi Edelstahl Tubulars Limited submitted a regulatory compliance statement to BSE Limited regarding the use of proceeds from its preferential issue. The filing was made pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular No. CIR/CFD/CMD/162/2019 dated December 24, 2019.
The company confirmed that during the quarter ended September 30, 2026, there was no deviation or variation in the use of proceeds from the objects as stated in the Notice to shareholders dated July 31, 2026.
Fund Raising Details
- Mode of Fund Raising: Preferential issue
- Date of Raising Funds: September 17, 2026
- Amount Raised: ₹14.99 crores
- Report filed for Quarter ended: September 30, 2026
Fund Utilization Details
- Plant & Machinery: Original allocation ₹24.12 crores, Funds utilized ₹6.63 crores
- Civil work: Original allocation ₹3.38 crores, Funds utilized ₹2.48 crores
- Total: Original allocation ₹27.50 crores, Total funds utilized ₹9.11 crores