StockWatch
·
Auto Components & Equipments
Board Meeting11 May 2026, 02:06 pm

NDR Auto Recommends 40% Dividend, Approves FY26 Results

AI Summary

NDR Auto Components Ltd's Board approved the annual standalone and consolidated financial statements and audited results for the year ended March 31, 2026. They recommended a dividend of 40%, i.e., ₹4 per share, 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, transfer of Seat Trim and Sunshade businesses via slump sale, and 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-appointed Mr. Pranav Relan, Mr. Ayush Relan and Mr. Rajat Bhandari as Whole-time Directors.
  • Approved slump sale of Seat Trim and Sunshade businesses.
  • Approved ₹6 crore investment in NDR Hayashi Automotive India Private Limited.