Remi Edelstahl Tubulars Ltd
NSE: BSE: 513043
₹139.20
(-2.73%)
Wed, 18 Mar 2026, 03:18 am
Market Cap1.71B
PE Ratio76.43
Dividend0
Non-Energy Minerals
Steel
24.5KCompany History
1970
- The company was incorporated on 19th August as a private limited company and belongs to the REMI group owned by C.K. Saraf and family.
1980
- The company became a deemed public limited company on 11th November.
- The company was converted into a public limited company on 11th December.
1983
- 14,850 bonus shares were issued in the proportion 3:5.
- 10,000 shares were issued at par.
1984
- The company has a factory at Andheri in Mumbai with facilities to manufacture stainless steel seamless and weld pipes, bright bars, and high quality stainless steel pipes.
- The company purchased land at Pen in the Raigad district to expand its activities.
- 25,000 shares were issued at par.
- 60,600 shares were held by Balaji Investments Ltd., the holding company.
1985
- The objects of the public issue of equity shares were to raise long term resources, broad base the company's shareholding, and get the company's shares listed on the Stock Exchange.
- Equity shares were sub-divided on 19-06-1985.
- 7,50,000 shares of Rs. 10 each were issued at par.
1986
- The company proposed expansion/diversification in the manufacture of stainless steel pipes with an initial investment of Rs. 76 lakhs.
- Requisite permission was received for the import of machinery.
1987
- The company proposed to expand its manufacturing activities at Pen, Dist. Raigad, Maharashtra.
- Production and turnover improved, but margins came under pressure due to escalation in raw material costs.
1991
- The company offered 14,96,000 equity shares for cash at a premium of Rs. 4 per share on Rights basis.
- Additional 2,24,400 shares were allotted to retain oversubscription.
- 74,800 equity shares were issued to employees under the Employees' Stock Option Scheme.
1992
- Margins improved substantially due to the savings made by substituting Indian raw material for imported raw material.
1993
- The company proposed to set up a new unit at Tarapur.
- The company experienced reduced production and uneconomical working of the Andheri factory.
1994
- The company completed the shifting of its factory from Andheri to Tarapur.
- The company proposed to construct 41,000 sq. ft. of commercial complex.
1996
- Construction of commercial complex at Andheri premises was delayed.
2008
- The Company has issued Bonus Shares in the Ratio of 1:1.
- Company has designated an email id for grievance redressal division/compliance officer: [email protected]
2009
- Company name is changed from Rajendra Mechanical Industries Ltd to Remi Edelstahl Tubulars Ltd.
2010
- Company has changed its name from Rajendra Mechanical Industries Ltd. to Remi Edelstahl Tubulars Ltd.
2016
- Remi Edelstahl acquires 14.99 lakh shares of Achal Sampati Resource Pvt Ltd.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800