. The cost of acquisition including working capital is GBP 3.5 million pounds. Remsons Industries Ltd. was incorporated as REMSONS CABLES (P) LTD. on 11/5/1971 with ROC, Maharashtra. Remsons Industries Ltd. - Board Meeting Intimation for A ... Remsons Industries Ltd. - Compliances-Certificate under ... Remsons Industries Ltd. - Reconciliation Of Share Capital ... Remsons Industries Ltd. - Shareholding for the Period ... Remsons Industries Ltd. - Half Yearly Compliance ... PM Modi renames Shipping Ministry as ‘Ministry of Ports, Shipping and Waterways’, Under pressure, CA Institute introduces flexibilities for the November 2020 exam cycle, Thulasendhirapuram celebrates as Kamala Harris makes history, US election 2020: A clear, convincing victory, says Joe Biden, Start-ups embrace 100% WFH, hybrid models in the new normal, Mahindra Holidays puts on hold plans for contract of upscale hotels, Ruchir Modi flags corporate governance at Godfrey Phillips, Ensure continuous flow of assets: Global investors to PM, US President-elect Joe Biden to keep India-US relations chugging on track, Joe Biden wins US presidency polls in a nation divided, reports US media. You can switch off notifications anytime using browser settings. Remsons and the administrators of Arlington Group have completed the acquisition on October 21, 2020. Offer closes soon. Commenting on the transaction, Krishna Kejriwal, Chairman & Managing Director of Remsons, said: “Remsons is taking a quantum leap by acquiring Magal Cables Ltd. We have been working with MCL for over 10 years and this acquisition would provide a vertical integration. Amit Srivastava, Group CEO at Remsons, said: “This acquisition is an incredible milestone for our business which will help Remsons turn a new chapter in its growth endeavors. closing hours of 31st ... a) A copy of the Un-Audited Financial Results for the quarter ended 30th June, 2019 as per IndAS; and ... Remsons Industries Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2019. In the financial year ended March 31, 2020, MCL achieved a standalone revenue of GBP 8.6 million with EBITDA of 15%. Appointed Mr. Subhash Vishwakarma as Chief Financial Officer of the Company Date of appointment 1st August, 2019 He has more than 20 years of ... 2. REMSONS Industries Limited, 401, Gladdiola, Hanuman Road, Vile Parle (East), Mumbai - 400057, India. & Braking - Springs  |  ISIN code:INE474C01015  |  SECT:Auto Ancillaries. Plus, tips to get above average returns, China’s commodities imports decline as seasonal slump weighs. It's time to see each other again, listen to each other again, he says, Kamala Harris first woman to be US vice-president. Overall, exciting times and we, at Remsons are geared up for this journey.”, KDA Corporate Advisors LLP, part of Kanu Doshi Group, were advisors to Remsons for the transaction. Our in-house team in tandem with existing Magal Cables team will create new avenues for our long-term OEM partners and will further bring in efficiency and design excellence. Accepted resignation of Mr. Anil Kumar Agrawal resigning from the post of Director Finance and CFO of the Company w.e.f. Despite the demand disruptions in our domestic automotive market and the global pandemic of COVID-19, Remsons’ revenues have grown by 10% CAGR in past 2 years. It gives us a complimentary manufacturing footprint with technological advancement and closer access to our clients in Europe. REMSONS Industries Limited, 401, Gladdiola, Hanuman Road, Vile Parle (East), Mumbai - 400057, India. The free virtual programme trains them in new tech skills. The acquisition has been done through the newly incorporated wholly owned subsidiary Remsons Holdings Ltd. (incorporated in the United Kingdom). Ankit Jain, Partner – M&A, KDA Corporate Advisors, said: “This is a marquee transaction in these challenging times. Remsons Industries Ltd. - Compliances-Reg. Become a digital subscriber of The Hindu BusinessLine. The transaction team at Remsons and KDA worked relentlessly to ensure the critical timelines were met given this was not an ordinary M&A, rather an administrator led sale. 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