Remsons Industries Ltd. — M&A Activity 2024

Oct 22, 2024

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22[nd] October, 2024

To, To, The Manager – DCS The Manager - Listing Department BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai- 400051 Scrip Code: 530919 Symbol: REMSONSIND

Dear Sir / Ma’am,

Sub.: Press Release

Kindly find enclosed herewith a press release relating to acquisition of majority stake in “BEE Lighting Ltd.”.

Kindly take the same in your record.

Thanking you,

Yours faithfully,

For REMSONS INDUSTRIES LIMITED

Digitally signed by ROHIT ROHIT HASMUKHBHAI DARJI HASMUKHBHAI DARJI Date: 2024.10.22 09:45:48 +05'30'

ROHIT DARJI COMPANY SECRETARY & COMPLIANCE OFFICER

Encl.: A/a

Reg. Office : 401, 4[th] Floor, Gladdiola, Hanuman Road, Vile Parle (East), Mumbai – 400057, Maharashtra. India. Website : www.remsons.com

Tel: (+91) (22) 3501 6400 CIN: L51900MH1971PLC015141 Email : corporate@remsons.com

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22[nd] October 2024

Remsons Announces Acquisition of BEE Lighting (UK), Expanding Product Range into Automotive Lighting.

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Remsons Holding Ltd, a wholly owned subsidiary of Remsons Industries Limited , a leading provider of control cables, gear shifters, sensors and winches, is excited to announce its acquisition of a 51% equity stake in BEE LIGHTING , a renowned name in automotive lighting design, development and manufacturing. This strategic acquisition represents a significant milestone in Remsons' plan to diversify its product portfolio by entering the automotive lighting

market and adding BEE’s expanding customer portfolio of prestigious marques in the Luxury/Super/Hyper-Car & EV marketplace.

Rahul Kejriwal, Executive Director of REMSONS , expressed enthusiasm about the expanded capabilities: “ We are thrilled to welcome BEE LIGHTING into the Remsons family. This acquisition not only enhances our product offering but also allows us to enter the lighting market with the significant expertise and innovation that BEE brings. It’s an exciting step forward in delivering more comprehensive solutions to our customers .”

Founded in 2006, BEE LIGHTING is renowned for its specialisation in automotive headlamps, rear lamps and other external and internal lighting solutions. With a strong focus on innovation including LED and ADB (Adaptive Driving Beam) systems, BEE has built a loyal customer base and has achieved notable success in the automotive industry. The partnership will enhance REMSONS' portfolio with BEE’s advanced design and technology, including the UK’s most advanced light laboratory certified to provide Global Homologation approvals, and will offer a much broader range of solutions for customer needs.

Paul Crees and Colin Fulford, founders of BEE LIGHTING stated, “ We’re extremely proud of what we’ve built at BEE with the team and are excited about our future with REMSONS . This partnership will allow us to reach new customers across the globe and further enhance our product innovation .”

With this acquisition, REMSONS will now provide automotive lighting solutions from design to manufacturing, enabling customers to enjoy a broader range of high-quality offerings. The acquisition is expected to deliver immediate benefits in product development, market reach and customer satisfaction.

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Reg. Office : 401, 4[th] Floor, Gladdiola, Hanuman Road, Vile Parle (East), Mumbai – 400057, Maharashtra. India. Website : www.remsons.com

Tel: (+91) (22) 3501 6400 CIN: L51900MH1971PLC015141 Email : corporate@remsons.com