Ndr Auto Components Limited has informed the Exchange about General Updates
NDRAUTO · price
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NDR Auto Components' board approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), with a clean limited review report containing no qualifications or adverse remarks. The board approved setting up a new manufacturing facility at Anantapur, Andhra Pradesh for frame structures, seat covers (trims) and other automotive components, involving an investment of about Rs. 27.29 crore over two financial years, to be executed through a new 100% wholly owned subsidiary ('NDR Auto Components South Private Limited') to be incorporated by November 2025, with capacity addition targeted by August 2026 (50,000 frame sets and 78,000 seat cover sets). The board also approved a long-term commercial office space sub-license at Aria Signature Office, JW Marriott, Aerocity for Rs. 11.25 crore (7,500 sq ft, initial term up to 2036, extendable to 2066) and creation of a CSR Trust jointly with associate Bharat Seats Limited. The auditor included an emphasis of matter relating to an ongoing Income Tax search under Section 132 at the company's premises and residences of some employees/key managerial personnel, with the outcome remaining uncertain.
The new plant and subsidiary signal a clear capacity expansion and growth push, which is positive for long-term revenue potential, but the pending Income Tax search remains an unresolved overhang that shareholders should watch for any future financial impact.