Munjal Auto Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 25, 2025
MUNJALAU · price
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Munjal Auto Industries has filed its Annual Report for FY 2024-25 along with the notice for its 40th Annual General Meeting, scheduled for August 25, 2025 at 3:00 PM via video conferencing. On a standalone basis, total income fell 5.15% to ₹1,290 crore and profit after tax dropped to ₹30.70 crore from ₹39.47 crore in FY 2023-24, mainly due to lower other income. Consolidated results were better, with total income rising 8.54% to ₹2,097 crore, helped by subsidiary Indutch Composites Technology whose revenue jumped to ₹795 crore from ₹559 crore and swung to a profit of ₹8.16 crore. The Board has recommended a 50% dividend (₹1 per share on ₹2 face value), involving a ₹10 crore cash outflow. Record date for dividend entitlement is August 14, 2025, and book closure runs from August 15 to August 25, 2025. ICRA has reaffirmed AA- stable rating for long-term borrowings and A1+ for short-term facilities.
Standalone earnings declined meaningfully with both PBT and PAT falling sharply, though consolidated performance was supported by a strong turnaround at the subsidiary. The proposed ₹1 dividend offers modest income to shareholders, while the reaffirmed strong credit rating supports borrowing capacity. Mixed signals—weak standalone results offset by subsidiary growth and stable shareholder returns.