Remsons Industries Ltd. Revises Board Meeting Outcome: Sells Stake in Associate Company, Acquires Remaining Shares in Subsidiary

Remsons Industries Ltd. has revised the outcome of their board meeting held on 23rd March, 2026. The company approved the sale of its entire stake in Astro Motors Private Limited (AMPL), an Associate Company, for a lump sum consideration of Rs. 10,00,00,000/- (Rupees Ten Crore only). This sale will result in AMPL ceasing to be an Associate of the Company. Additionally, Remsons Industries Ltd. approved the acquisition of the remaining 73,500 (49%) equity shares of Remsons Edge Technologies Private Limited (RETPL), a Subsidiary Company, for a consideration of Rs. 7,35,000/- (Rupees Seven Lakh Thirty Five Thousand only). This acquisition will increase the Company's shareholding in RETPL from 51% to 100%, making RETPL a Wholly Owned Subsidiary of the Company.