Remsons Industries Limited has approved the sale of its investment and exit from the joint venture arrangement in Aircom Remsons Automotive Private Limited (ARAPL). The Board of Directors took this decision during a meeting held on October 1, 2026, marking the termination of the existing partnership with Aircom Group AG or its subsidiary.

The transaction involves the sale of 52,000 equity shares, representing a 26% stake in ARAPL. These shares, having a face value of ₹10 each, will be sold to Aircom Group India Private Limited for a cash consideration of ₹5,20,000. The buyer does not belong to the promoter or promoter group of Remsons Industries, and the transaction is not classified as a related party transaction.

Transaction Details and Timeline

The agreement for the sale was entered into on October 1, 2026. The company expects the completion of the disposal by October 31, 2026, subject to the fulfilment of conditions precedent and other closing requirements specified in the Share Purchase and Exit Agreement.

Financial Impact

According to the disclosure filed with stock exchanges, the joint venture contributed minimally to the listed entity's financials in the last financial year. The turnover contribution from ARAPL was recorded at zero, while the net worth contribution stood at negative ₹2.52 lakh. Consequently, the company stated that the transaction is not expected to have any adverse impact on its operations.

What the Numbers Show

The financial data reveals that the joint venture was essentially non-operational for the reporting period, contributing ₹0 to turnover. The negative net worth contribution of -₹2.52 lakh indicates that the venture held liabilities exceeding assets within the consolidated framework or equity accounting method used. Exiting this arrangement removes a minor balance sheet liability without affecting revenue streams, given the zero turnover contribution.

Remsons Industries has fixed September 23, 2026 as the record date for determining shareholder eligibility for the financial year 2025-26 dividend. The payout is contingent upon declaration at the company’s 54th Annual General Meeting.

The disclosure was made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows an earlier intimation regarding the cut-off date issued on September 7, 2026.

Rohit Darji, Company Secretary and Compliance Officer, signed the communication addressed to the BSE Limited and National Stock Exchange of India Limited listing departments.