India Motor Parts and Accessories Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 25, 2025
IMPAL · price
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India Motor Parts and Accessories Limited (IMPAL) has notified the exchange about its 71st Annual General Meeting scheduled for Friday, July 25, 2025 at 11:30 AM via video conferencing. Shareholders will consider approving a final dividend of ₹20 per equity share (200% on face value of ₹10), which combined with the interim dividend of ₹10 per share already paid in February 2025, totals ₹30 per share (300%) for FY 2024-25. Other agenda items include adoption of audited financial statements, re-election of Director Sri Ananth Ramanujam, appointment of M/s. Damodaran & Associates LLP as Secretarial Auditors for five years (till 2030), and approval of a material related-party transaction with Brakes India Private Limited for purchase of automotive spare parts, brake oil and coolants up to ₹400 crore per annum. The record date for dividend eligibility is July 18, 2025, with dividend payment to be made on or before August 21, 2025.
Positive for shareholders — a robust total dividend of ₹30 per share (300%) signals strong profitability for FY 2024-25. The proposed ₹400 crore related-party transaction with Brakes India, which contributed ₹324.91 crore in purchases last fiscal, ensures continued business continuity, though minority shareholders should note the related-party nature of this large recurring deal.