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.