Remsons Industries Limited has announced a postal ballot process for shareholder approval on three critical special resolutions that will significantly enhance the company's financial operational capabilities. The remote e-voting period is scheduled from April 9, 2026 to May 8, 2026, with members holding shares as of the cut-off date of April 3, 2026 eligible to participate.

Special Resolutions Overview

The postal ballot encompasses three special business items requiring shareholder approval under the Companies Act, 2013:

Enhanced Financial Capabilities

The first resolution seeks authorization for the Board of Directors to create mortgages, charges, or dispose of company assets up to Rs. 200.00 Crores. This represents a substantial increase from the previous limit of Rs. 30.00 Crores approved in the Annual General Meeting held on September 30, 2014. The enhanced authority will enable the company to pledge movable and immovable assets, both present and future, to secure borrowings from lenders.

The second resolution proposes to expand borrowing powers to Rs. 200.00 Crores, significantly higher than the existing limit of Rs. 30.00 Crores established in 2014. This increased borrowing capacity is intended to support the company's future expansion plans and provide access to additional funds from banks, financial institutions, NBFCs, and other entities.

Investment and Lending Authority

The third resolution seeks approval for investment, lending, and guarantee activities up to Rs. 100.00 Crores under Section 186 of the Companies Act, 2013. This authority will enable the Board to:

• Provide loans to persons or body corporates
• Give guarantees or provide security for loans to other entities
• Acquire securities of other body corporates through subscription or purchase

These limits exceed the statutory thresholds of 60% of paid-up capital and free reserves or 100% of free reserves and securities premium account, whichever is higher.

Voting Process and Timeline

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process. CS Manish Baldeva, Practicing Company Secretary, has been appointed as the Scrutinizer to ensure fair and transparent conduct of the postal ballot.

The postal ballot notice has been distributed electronically to members whose email addresses are registered with the company, depositories, or the Registrar and Transfer Agent. The notice is also available on the company's website at www.remsons.com and on the websites of BSE, NSE, and CDSL.

Strategic Rationale

The proposed resolutions reflect the company's strategic planning for enhanced financial flexibility and long-term business objectives. The significant increase in borrowing and investment limits from the 2014 authorization demonstrates the company's growth trajectory and capital requirements for future expansion initiatives. All resolutions require special resolution approval, emphasizing the importance of these financial enhancements to the company's operational strategy.

Remsons Industries has submitted a revised board meeting outcome to stock exchanges on March 24, 2026, correcting a typographical error in the original disclosure regarding strategic portfolio restructuring transactions approved during the board meeting held on March 23, 2026.

Revised Disclosure Submission

The company filed the corrected disclosure with BSE Limited (Scrip Code: 530919) and National Stock Exchange of India Limited (Symbol: REMSONSIND) under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Rohit Darji clarified that the correction was limited to buyer details and no other information from the earlier submission was changed.

Astro Motors Stake Divestment Details

The board approved the complete sale of the company's stake in Astro Motors Private Limited for ₹10.00 crore. The corrected disclosure identifies the buyer as PRATIK HASMUKH SHAH HUF, a Hindu Undivided Family acting through its Karta, Mr. Pratik Hasmukh Shah.

Upon completion of this sale, Astro Motors will cease to be an associate company of Remsons Industries. The buyer does not belong to the promoter, promoter group, or group companies, confirming this as a non-related party transaction.

Remsons Edge Technologies Acquisition

Simultaneously, the board approved acquiring the remaining 49% stake in Remsons Edge Technologies Private Limited for ₹7.35 lakh from existing shareholders, who are promoters of the company. This acquisition will convert the technology subsidiary into a wholly owned entity.

Company Profile and Operations

Remsons Edge Technologies Private Limited, incorporated on May 28, 2025, with CIN U30201MH2025PTC449363, operates in manufacturing brake slack adjusters and air brake components for wagons. The company specializes in defense brake and steering systems for battle vehicle industries, mechanical control cables, machining parts, and engineering fabrication components.

The strategic restructuring demonstrates Remsons Industries' commitment to optimizing its portfolio by divesting from automotive operations while strengthening control over technology-focused subsidiaries in the defense and railway brake systems sector.