As per the filing, the order is from an international entity, and the supply will commence in December 2025. The project is to be executed over a period of 36 months.
The company stated that none of the promoters, the promoter group, or the group companies have any interest in the entity awarding the order. Hence, the transaction does not fall under related party transactions.
Remsons Industries manufactures auto components such as auto control cables, flexible shafts, gear shift systems, push-pull cables, and parking brake mechanisms. The company exports primarily to the UK, Europe, North America, Brazil, Mexico, and SAARC countries.
The company’s consolidated net profit advanced 27.2% to Rs 6.55 crore on a 31.1% increase in revenue from operations to Rs 106.18 crore in Q4 FY25 over Q4 FY24.
Shares of Remsons Industries shed 0.48% to Rs 124.70 on the BSE.