Remsons Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/04/2025 ,inter alia, to consider and approve Intimation for the Postponement ....
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Remsons Industries Ltd has informed BSE that its Board Meeting originally scheduled for 3rd April, 2025 has been postponed to 9th April, 2025 due to non-availability of directors. The board was set to consider acquiring a majority stake in a private limited company operating in the same line of business as Remsons. The consideration for this acquisition is proposed to be paid partly in cash and partly through the issue of new equity shares on a preferential basis. The acquisition target and deal value have not been disclosed in this intimation.
The postponement is procedural and likely temporary. Shareholders should watch the rescheduled meeting on 9th April for details on the acquisition, including target identity, deal size, and the preferential share issue terms, which could dilute existing holdings.