Ndr Auto Components Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 10, 2025
NDRAUTO · price
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NDR Auto Components has called its 6th Annual General Meeting on Thursday, July 10, 2025 at 11:00 AM, to be held via video conferencing. The Board has proposed a dividend of Rs. 2.75 per equity share (face value Rs. 10) for FY ending March 31, 2025, with record date set as July 3, 2025 and payment window from July 10 to August 8, 2025. Key resolutions include the appointment of M/s S.R. Batliboi & Co. LLP as the new statutory auditor for a 5-year term, appointment of a new secretarial auditor, and re-appointment of three independent directors (Ms. Shyamla Khera, Ms. Vanita Chhabra, and Ms. Deepa Gopalan Wadhwa) for second 5-year terms. Shareholders will also vote on a material related party transaction with Bharat Seats Limited, permitting sale of products, goods, materials, assets or services up to Rs. 650 Crore per financial year starting FY 2025-26. E-voting will run from July 7, 2025 (9:00 AM) to July 9, 2025 (5:00 PM).
Shareholders on the record date of July 3, 2025 will receive a Rs. 2.75 per share dividend (27.5% on face value). The proposed Rs. 650 Crore related party transaction with Bharat Seats Limited is sizeable and signals deepening commercial ties with the group company, which is a key item requiring shareholder approval. The switch to S.R. Batliboi & Co. LLP as statutory auditor is a notable governance change worth tracking.