Igarashi Motors India Limited has informed the Exchange about General Updates
IGARASHI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Igarashi Motors India held its 33rd AGM on August 8, 2025, via video conferencing, where all 9 resolutions were approved. Key items included adoption of FY25 audited financial statements, final dividend of Rs. 2.50 per equity share, re-appointment of Mr. Hemant M Nerurkar and Mr. L Ramkumar, approval of remuneration for Managing Director Mr. R Chandrasekaran, and material related party transactions with parent Igarashi Electric Works Ltd, Japan. The FY25 annual report highlights strong performance with revenue from operations of Rs. 83,842 lakhs (up 16%), operating profit of Rs. 9,743 lakhs, and net profit of Rs. 2,417 lakhs (up 153%), driven by new product launches in safety and body applications, entry into the Korean market, and growing domestic revenue share. The company has also reduced dependence on a single product (ETC) from 90% to ~75% and grown its non-automotive ECD revenue share from 1% to 20%.
Shareholders will receive a final dividend of Rs. 2.50 per share, reflecting strong FY25 profitability. The 153% jump in net profit and successful diversification into safety applications and the domestic market signal improving earnings quality and reduced concentration risk, which should be viewed positively by investors.