NDR Auto Components Amends MOA, Approves Capex and JV
NDR Auto Components Limited's Board of Directors approved amendments to the Memorandum of Association (MOA), including adding consultancy services to its object clause. The board also sanctioned capital expenditure of ₹11.34 crore for its Naviyani plant and ₹7.19 crore for its Kharkhoda plant to support new Maruti Suzuki and Suzuki Motorcycle programs. Additionally, the company approved an investment of ₹36.30 Lakhs for captive solar power and a Joint Venture with DYA Co., Ltd. of South Korea to manufacture passenger car seats, in which NDR will hold a 51% stake, making the JV a subsidiary. The board also noted the unaudited financial results for the quarter and six months ended September 30, 2026.
Key Highlights
- MOA amended to include consultancy services.
- Approved ₹11.34 Cr capex for Naviyani plant.
- Approved ₹7.19 Cr capex for Kharkhoda plant.
- Forming a 51% owned JV with DYA Co., Ltd. for car seats.
- Approved investment in captive solar power.
Price Impact
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