Remsons Industries informs about outcome of board meeting

Remsons Industries Ltd. | Auto Ancillary | Automobiles | BSE: 530919 | NSE: REMSONSIND

09 Apr 2025 Evaluate

Remsons Industries has informed that the Board of Directors of the Company at its meeting held today i.e. Wednesday, 9th April, 2025, considered and approved the following matters: Acquisition of 51.01% stake in Astro Motors Private Limited in following manner: By subscribing for 62,500 (Sixty-Two Thousand Five Hundred) new Equity Shares of Rs. 10/- each for cash at a price of Rs. 1,600/- (Rupees One Thousand Six Hundred only) per share aggregating to Rs 10.00 Crore (Rupees Ten Crore only) to be issued and allotted on preferential basis; and (b) By acquiring 26,400 Equity Shares of Rs. 10 each from the existing promoters of the Company, consideration to be paid by issue and allotment of 3,19,994 (Three Lakh Nineteen Thousand Nine Hundred Ninety-Four) new Equity Shares of Rs. 2 (Rupees Two only) each of the Company to be issued on preferential basis at a price of Rs. 132 (Rupees One Hundred Thirty-Two only) per share. The detailed disclosure as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 is enclosed as Annexure -1; For the purpose of above acquisition, issue and allotment of 3,19,994 (Three Lakh Nineteen Thousand Nine Hundred Ninety-Four) Equity Shares of Rs. 2 (Rupees Two only) each at an issue price of Rs 132 (Rupees One Hundred Thirty-Two only) per share including premium of Rs 130 (Rupees One Hundred Thirty only) per share determined as per the provisions of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, in exchange of 26,400 Equity Shares of Rs. 10 each of Astro Motors Private Limited to the selling promoters thereof. The above issue and allotment shall be subject to the approval of members of the Company. The detailed disclosure as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 is enclosed as Annexure - 2.

The above information is a part of company’s filings submitted to BSE.

Remsons Inds Share Price

115.35 0.10 (0.09%)

08-May-2026 16:59 View Price Chart

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