OUTCOME OF THE MEETING OF BOARD OF DIRECTORS `HELD TODAY, 11TH AUGUST,2025 AS PER REGULATION 30 AND 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSUREREQUIREMENTS) REGULATIONS, 2015
NDRAUTO · price
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Awaiting price reaction for this filing.
NDR Auto Components' board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), with auditor S.R. Batliboi & Co. LLP issuing a clean limited review report with no qualifications. The board cleared a Rs. 27.29 crore investment to set up a new manufacturing plant in Anantapur, Andhra Pradesh, for frame structures, seat covers, and other automotive components, to be executed through a new wholly owned subsidiary named 'NDR Auto Components South Private Limited' (expected capacity: 50,000 frame sets for 5-seater cars and 78,000 seat cover sets for 7-seater cars by August 2026). The company also signed a long-term sub-license for 7,500 sq ft office space at Aria Signature Office, JW Marriott Aerocity, for Rs. 11.25 crore (lease till May 2066) and approved a CSR trust jointly with associate Bharat Seats Limited. The auditor flagged an Emphasis of Matter regarding an ongoing Income Tax search at company premises with uncertain outcome, but the conclusion remains unmodified.
The Rs. 27.29 crore capex and capacity addition signal growth ambitions funded partly by internal accruals and term loans, while the long-term office lease is a non-core operational spend. The unresolved Income Tax search remains a key overhang for shareholders to watch; near-term stock reaction is likely neutral.