Declaration of result by the Chairman in respect of the 6th Annual General Meeting
NDRAUTO · price
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NDR Auto Components held its 6th AGM on July 10, 2025, where all 10 items in the notice were passed with the requisite majority based on the scrutinizer's e-voting report. Shareholders approved the audited financial statements for FY25 and declared a dividend of Rs. 2.75 per equity share (face value Rs. 10). S.R. Batliboi & Co. LLP was appointed as statutory auditor for a 5-year term (6th to 11th AGM), and Mr. Rupinder Singh Bhatia was appointed as secretarial auditor for FY26-FY30. The AGM also approved material related party transactions with Bharat Seats Limited up to Rs. 650 crore per year. Several directors including Mr. Rishabh Relan, Mr. Pranav Relan, and three independent directors (Ms. Shyamla Khera, Ms. Vanita Chhabra, Ms. Deepa Gopalan Wadhwa) were re-appointed.
The Rs. 2.75 per share dividend signals reasonable profitability and shareholder returns for FY25. The Rs. 650 crore related party transaction ceiling with Bharat Seats indicates significant ongoing inter-group business, while board continuity is preserved through director re-appointments.