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Outcome of board meeting of Remi Edelstahl Tubulars

Remi Edelstahl Tubulars announced that the Board of Directors of the Company at its meeting held on 02 August 2016 has approved the following -

Issue of 10,00,000 equity shares of Rs 10 each on preferential basis to non-promoters.

Issue of 4,00,000 6% Non Cumulative, Non Convertible Preference Shares at Rs 100 each on private placement basis.

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