Outcome of board meeting of Remi Edelstahl Tubulars

Held on 15 January 2018

The Board of Remi Edelstahl Tubulars at its meeting held on 15 January 2018 has approved -

Increase in authorised share capital of the company from Rs 15 crore to Rs 20 crore and subsequently alter the MoA and AoA of the company;

Alteration of Main objects of the company by adding activities Real Estate and activities related thereto; and

Issue of 5 lakh 8% Non Cumulative Non Convertible Perference Shares at Rs 100 each on private placement basis.

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