India Motor Parts & Accessories Ltd Holds AGM; Recommends Rs 23 Per Share Final Dividend

India Motor Parts & Accessories Ltd Holds AGM; Recommends Rs 23 Per Share Final Dividend​

India Motor Parts & Accessories Ltd conducted its 72nd Annual General Meeting (AGM) on Tuesday, July 21, 2026. During the meeting, shareholders reviewed and adopted the company's Audited Financial Statements for the financial year ended March 31, 2026. The AGM also saw the recommendation of a Final Dividend and the approval of a major related party transaction.

The Chairman delivered his speech, highlighting the performance and outlook for the business. Regarding operations, the company recorded a revenue growth of 6.12% during the year under review, despite competitive pressures and challenges in West Asia. To maintain market share, India Motor Parts & Accessories Ltd expanded its network by opening ten additional branches, bringing its total number of distribution branches to 90.

Dividend Recommendation and Key Transactions​

The Board recommended a Final Dividend of Rs. 23 per share for the financial year 2025-2026. This recommendation, when combined with the Interim dividend of Rs. 10 per share paid in February 2026, means the total dividend for the year aggregates to Rs. 33 per share.

The AGM also transacted several significant business items, including:

• Adoption of the Audited Financial Statements for the financial year ended March 31, 2026.
• Re-appointment of Sri Srivats Ram as Director, who retires by rotation.
• Approval of a Material Related Party Transaction with Brakes India Private Limited amounting to Rs. 500 crores.

Future Strategy and Market Outlook​

The company noted that the Indian automotive industry remains a key pillar of the economy, while the auto component industry contributes approximately 2.3% to GDP. The aftermarket is expected to see sustained growth, driven by increasing preference for genuine spare parts.

Looking ahead, the company stated its focus will remain on expanding its reach through network growth and improving the availability of genuine replacement parts across India. Management noted that liquidity continues to be tight but anticipates improvement in the second half of the financial year. The outlook also acknowledged the potential impact of the El Nino phenomenon, which may delay the onset of south west monsoon and could consequently affect consumption in rural and farm sectors.

IMPAL Stock Price Movement​

On Tuesday, shares of India Motor Parts and Accessories Limited shed value, closing down 1.53% at ₹1093.6. The stock concluded its trading session on a limited volume of 1,840 shares.