Remsons Industries Sells Stake in Astro Motors, Acquires Remaining Shares in Remsons Edge Technologies
Remsons Industries Limited announced on March 23, 2026, that its Board of Directors approved the sale of its entire stake in Astro Motors Private Limited (AMPL), an associate company. The sale involves 62,500 equity shares, representing 35.86% of AMPL's equity, for a lump sum consideration of Rs. 10,00,00,000. Following the completion of the sale, AMPL will no longer be considered an associate of Remsons Industries.The Board also approved the acquisition of the remaining 73,500 equity shares, equivalent to 49% of Remsons Edge Technologies Private Limited (RETPL), from existing shareholders. The consideration for this acquisition is Rs. 7,35,000. Upon completion, Remsons Industries' shareholding in RETPL will increase from 51% to 100%, making RETPL a wholly-owned subsidiary of the company.
The sale of AMPL is expected to be completed by March 31, 2026. The acquisition of remaining shares in RETPL is also anticipated to be finalized by March 31, 2026.
Details of the Astro Motors Sale:
| Particulars | Details |
|---|---|
| Consideration | Rs. 10,00,00,000 |
| Expected Completion Date | March 31, 2026 |
| Buyers | Brief details of buyers ??? None of the buyers belong to the promoter/ promoter group / group companies. |
Details of the Remsons Edge Technologies Acquisition:
| Particulars | Details |
|---|---|
| Target Entity Size | CIN: U30201MH2025PTC449363; Authorised Capital: Rs. 15,00,000/-; Paid-up Share Capital: Rs. 15,00,000/- |
| Promoter Interest | Yes, shares will be bought from the promoters of the Company, on arm's length basis. |
| Industry | Manufacturing of Brake Slack Adjuster, Air Brake components of Wagons, Defense Brake and Sterring Systems for Battel Vehicle Industries |
| Acquisition Cost | Rs. 7,35,000 |
| Percentage Acquired | Increases ownership from 51% to 100% |
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