Remsons Industries Limited — Board Meeting, 04-08-2025: Outcome of Board Meeting

Remsons Industries' board has modified its Astro Motors acquisition strategy. Due to delays in Astro's assembly line setup, Remsons has canceled plans to acquire 26,400 existing Astro shares, which were to be paid by issuing new Remsons shares. The initial Rs 10 Cr investment for 62,500 new Astro shares remains. Consequently, Astro Motors will now be an 'Associate' (35.86% holding) instead of a subsidiary. This move ensures Remsons' long-term investment in Astro continues.