BEE Lighting has secured a contract from a global multinational original equipment manufacturer (OEM) for the design and development of exterior vehicle lighting. The contract, valued at Rs 120 million, was awarded by an international entity and is set to be executed immediately, indicating its strategic importance and urgency. The company clarified that there is no involvement of the promoter or promoter group in the awarding entity, and the transaction does not qualify as a related party transaction under regulatory guidelines. This development underscores BEE Lighting’s increasing role in global automotive lighting solutions.

Meanwhile, Remsons Industries, a longstanding manufacturer of automotive OEM components, continues to cater to both domestic and global markets across multiple vehicle segments. With manufacturing facilities in Gurgaon, Pune, Pardi, and Daman in India, as well as in Stourport and Redditch in the UK, the company supplies a wide range of components, including control cables, gear shifters, pedal boxes, winches, lighting, and sensors.

In Q4 FY25, Remsons Industries reported a 15 per cent sequential rise in consolidated net profit, reaching Rs 40.6 million. Revenue from operations also increased by 4 per cent quarter-on-quarter to Rs 1.06 billion. However, on a year-on-year basis, while net sales rose by 31 per cent compared to Q4 FY24, the adjusted net profit saw an 11 per cent decline due to a significant reduction in other income.

News source: Capital Market