Ndr Auto Components Limited has informed the Exchange regarding Outcome of Board Meeting held on August 11, 2025.
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NDR Auto Components' board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), with the auditor (S.R. Batliboi & Co. LLP) issuing a clean review report with no qualifications. The board approved setting up a new manufacturing facility in Anantapur, Andhra Pradesh for Frame structures, Seat Covers (Trims), and other automotive components, with an investment of about Rs. 27.29 crore over two financial years, to be executed through a new wholly owned subsidiary (NDR Auto Components South Private Limited) with capacity of 50,000 Frame sets and 78,000 Seat Cover sets by August 2026. The company also entered into a long-term office space/sub-license deal at JW Marriott Aerocity, New Delhi for Rs. 11.25 crore, lease extendable up to 2066, and approved forming a CSR Trust jointly with associate Bharat Seats Limited. The auditor flagged an emphasis of matter regarding an ongoing income tax search at the company's premises and residences of certain employees, with outcome still uncertain.
The Rs. 27.29 crore capex signals capacity expansion and growth ambition, which is positive for long-term shareholders, but will be funded partly by debt, keeping leverage in focus. The tax search emphasis of matter is a lingering overhang that investors should monitor for any adverse outcome.