Remsons Industries Limited — Others, 02-05-2025: Shareholders meeting

Remsons Industries has announced a board meeting to seek shareholder approval for issuing 3,19,994 equity shares at Rs. 132 each to acquire a 51.01% stake in Astro Motors, an EV manufacturer specializing in cargo and passenger three-wheelers. Astro is issuing 62,500 shares to Remsons at Rs. 1,600 each, totaling Rs. 10 Cr. This acquisition will make Astro a subsidiary of Remsons, strengthening its presence in the electric vehicle sector while maintaining control.