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Remi Edelstahl Tubulars Ltd.

BSE: 513043 | NSE: | Series: NA | ISIN: INE158G01015 | SECTOR: Steel - Tubes & Pipes

BSE Live

Oct 27, 16:00
26.10 1.20 (4.82%)
Volume
AVERAGE VOLUME
5-Day
239
10-Day
740
30-Day
1,375
13
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    24.90

  • Open Price

    24.15

  • Bid Price (Qty.)

    24.65 (21)

  • Offer Price (Qty.)

    26.10 (190)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
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Remi Edelstahl Tubulars is not listed on NSE
Company History - Remi Edelstahl Tubulars
YEAR                       EVENTS
 1970 - The company was incorporated on 19th August, at Mumbai as a
        private limited company and belongs to REMI group owned by
 C.K.
        Saraf and family.  It became a deemed public limited company
 on
        11th November, 1980 and was converted into a public limited
        company on 11th December, 1980.
 
      - The main objectives of the company is to manufacture stainless
 
        steel pipes, bright bars and chemical machinery.
 
 1983 - All shares held by promoters, etc. 14,850 bonus shares issued
 in 
        1982 in prop. 3:5.  10,000 shares issued at par.
 
 1984 - The company has a factory at Andheri in Mumbai which has
        facilities to manufacture stainless steel seamless and weld 
        pipes, bright bars and high quality stainless steel pipes.
 
      - The company also purchased land at Pen in the Raigad
 district,
        a backward area in Maharashtra, with a view to expand its
        activities.
 
      - 25,000 shares issued at par.  Out of the shares issued till
 date, 
        60,600 shares were held by Balaji Investments Ltd., the
 holding
        company.
 
 1985 - The objects of the public issue of equity shares during
 October,
        were to raise long term resources, to broad base the company's
 
        shareholding and to get the company's shares listed on the
 Stock 
        Exchange.
 
      - Equity shares sub-divided on 19-06-1985.  7,50,000 shares of
 Rs. 
        10 each then issued at par of which 50,000 shares issued
 reserved
        and allotted to promoters and existing shareholders of the 
        company.
 
      - 49,000 shares were reserved for allotment to business
 associates 
        and employees working directors of Remi Group of companies
 but
        only 35,000 shares taken up.  The balance 6,51,000 shares
 along
        with 14,000 shares not taken up by employees, etc., were
 offered
        for public subscription during October.
 
 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 - Though production and turnover improved, margins came under 
        pressure due to escalation in the costs of raw materials both
 
        indigenous and imported.
 
      - The company proposed to expand its manufacturing activities at
 
        Pen, Dist. Raigad, Maharashtra by an additional investment.
 
 1991 - During July-August, the company offered 14,96,000 No. of
 equity 
        shares of Rs. 10 each for cash at a premium of Rs. 4 per share
 on
        Rights basis in the proportion 1:1 (all were taken up). 
        Additional 2,24,400 shares were allotted to retain
        oversubscription.  Simultaneously, another 74,800 No. of
 equity
        shares at a premium of Rs. 4 per share were issued to
 employees'
        under the Employees' Stock Option Scheme (all were taken up).
 
 1992 - Margins improved substantially due to the savings made by 
        substituting the more economic Indian raw material for the 
        expensive imported raw material used earlier.
 
 1993 - Due to reduced production and uneconomical working of the
 Andheri 
        factory during the final phase of closing down for vacating
 the
        premises and shifting useful machinery to Tarapur.
 
      - The company proposed to set up new unit at Tarapur.
 
 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 informed that the given below are the details of the
 email i.d. designated exclusively for grievance redressal division /
 compliance officer:
 
 rmi_igrd@remigroup.com
 
 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.