Board Meeting11 May 2026, 02:12 pm
NDR Auto Components: FY26 Results, 40% Dividend Recommended
AI Summary
NDR Auto Components Ltd's board approved the annual standalone and consolidated financial statements and audited results for the financial year ended March 31, 2026. They recommended a dividend of 40%, i.e., ₹4 per equity share of ₹10 each, subject to shareholder approval, with a record date of July 20, 2026. The board also approved the re-appointment of Mr. Pranav Relan, Mr. Ayush Relan, and Mr. Rajat Bhandari as Whole-time Directors, subject to shareholder approval. Additionally, the transfer of the company's Seat Trim and Sunshade businesses via slump sale was approved, along with an investment of ₹6 crores in NDR Hayashi Automotive India Private Limited.
Key Highlights
- Approved FY26 standalone and consolidated financial results.
- Recommended a dividend of ₹4 per share (40%) for FY26.
- Re-appointment of Mr. Pranav Relan, Mr. Ayush Relan, and Mr. Rajat Bhandari as Whole-time Directors approved, subject to shareholder approval.
- Approved transfer of Seat Trim business to NDR Auto Component South Private Limited via slump sale.
- Approved transfer of Sunshade business to NDR Hayashi Automotive India Private Limited via slump sale.
Price Impact
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