Ndr Auto Components Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 10, 2025
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NDR Auto Components held its 6th Annual General Meeting on July 10, 2025, via video conferencing, with 90 members attending. All 10 resolutions put to vote were passed with the required majority. Key items included adoption of FY25 audited financial statements and declaration of a dividend of Rs. 2.75 per equity share (face value Rs. 10). Shareholders also approved the appointment of S.R. Batliboi & Co. LLP as statutory auditors for a five-year term (6th to 11th AGM) and re-appointment of three Independent Directors for second terms of five years each. A material related party transaction with Bharat Seats Limited, capped at Rs. 650 crore per financial year, was also approved. The audit report and secretarial audit report carried no qualifications, and the meeting concluded smoothly.
The Rs. 2.75 per share dividend is a direct positive for shareholders, confirming shareholder rewards despite no flagged governance issues. Approval of the Rs. 650 crore related party transaction cap with Bharat Seats is a routine item but worth monitoring as it represents a sizeable business linkage. All resolutions passing cleanly signals stable governance with no signs of shareholder dissent.