Ndr Auto Components Limited has informed the Exchange about Board approved to invest an amount of Rs. 6 crores in the equity shares of the NDR Hayashi Automotive India Private Limited, a joint venture of the Company by way of subscribing to the Rights Issues
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NDR Auto Components Limited held its Board meeting on May 11, 2026, approving FY2026 standalone financial results with revenue of Rs. 82,253.80 lakhs (up 15.4% from Rs. 71,277.91 lakhs) and net profit of Rs. 5,304.94 lakhs (up 17.7% from Rs. 4,508.38 lakhs). The Board recommended a dividend of Rs. 4 per share (40% on Rs. 10 face value). Key corporate actions include: (1) transferring the Seat Trim business to wholly-owned subsidiary NDR Auto Component South Private Limited via slump sale, and (2) transferring the Sunshade business to joint venture NDR Hayashi Automotive India Private Limited via slump sale. Additionally, the Board approved investing Rs. 6 crores in NDR Hayashi Automotive India Private Limited by subscribing to its Rights Issues offer. Three Whole-time Directors (Pranav Relan, Ayush Relan, and Rajat Bhandari) were reappointed for another 3-year term subject to shareholder approval.
The strong financial performance with 17.7% profit growth and consistent dividend payout is positive for shareholders. The Rs. 6 crore investment in the JV and simultaneous transfer of Sunshade business to the JV indicates strategic restructuring of operations around the joint venture, which could improve operational efficiency and synergies in the auto components business.