India Motor Parts and Accessories Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 25, 2025
IMPAL · price
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India Motor Parts & Accessories (IMPAL) held its 71st AGM on July 25, 2025, where all business items were passed. The company reported revenue growth of 6.44% over the previous year, even as liquidity stayed tight and competition rose. To support growth, IMPAL opened four new branches during the year, taking the total to 89. The auto parts industry backdrop was mixed: commercial vehicle sales were flat at about 1 million units, passenger vehicle sales grew nearly 5% to cross 4 million units, while tractor sales fell 1% to around 0.88 million units. The Board has recommended a final dividend of Rs. 20 per share, which along with the Rs. 10 interim dividend paid in January 2025, takes total dividends for FY25 to Rs. 30 per share. Shareholders also approved related-party transactions with Brakes India Private Limited up to Rs. 400 crore per annum, and the re-appointment of Sri Ananth Ramanujam as Director. Statutory auditors Brahmayya & Co. gave a clean report with no qualifications.
For shareholders, the key takeaways are steady single-digit revenue growth despite a challenging environment, a stronger dealer network expansion, and a total FY25 dividend of Rs. 30 per share. The approval of up to Rs. 400 crore in related-party transactions with Brakes India is a routine approval but worth noting given its size. Outlook hinges on liquidity improving in the second half of FY26, which could support earnings if it materialises.