NDR Auto Components Limited Approves Financial Results, Directorship Changes, and Strategic Business Transfers

NDR Auto Components Limited Approves Financial Results, Directorship Changes, and Strategic Business Transfers​

NDR Auto Components Limited, a key player in the auto components sector, announced several material corporate actions and financial updates following its Board of Directors meeting held on May 11, 2026. The Board approved the company’s financial results, planned strategic business transfers, and major changes in directorship.

Financial Performance and Dividend Recommendation​

The Board of Directors approved the Annual Standalone and Consolidated Financial Statements and the Audited Standalone and Consolidated Financial Results for the financial year ended March 31, 2026, and the corresponding quarter.

The company’s financial statements reflect the following annual totals:

Standalone Assets and Liabilities (in lakhs):


Standalone Financial Results (in lakhs):


Consolidated Assets and Liabilities (in lakhs):


The Board also recommended a dividend of 40%, equivalent to Rs. 4/- per Equity share of Rs. 10/- each, for the financial year ended March 31, 2026. The record date for the dividend is set as July 20, 2026.

Operational and Strategic Moves​

The Board approved several significant business transactions aimed at optimizing the company’s structure and expanding its capabilities.

1. Slump Sale of Seat Trim Business: The Board approved the transfer of the company's Seat Trim business, related to certain models, via a slump sale as a going concern. This business will be transferred to its wholly owned subsidiary, NDR Auto Components South Private Limited.
2. Slump Sale of Sunshade Business: Similarly, the transfer of the company's Sunshade business, also via a slump sale as a going concern, was approved. This business will be transferred to its Joint Venture, NDR Hayashi Automotive India Private Limited.
3. Investment in Joint Venture: NDR Auto Components Limited also approved an investment of Rs. 6 crores by subscribing to the Rights Issue offer of NDR Hayashi Automotive India Private Limited, a joint venture of the company.

The company's rationale for these slump sales emphasizes driving significant operational efficiencies, eliminating redundancies, and optimizing resource allocation to create a more agile corporate structure.

Management and Corporate Governance Updates​

The Board approved the appointment and re-appointment of key management personnel:

• Pranav Relan (DIN: 07177944) was approved for re-appointment as a Whole-time Director for a term of three years, from October 27, 2026, to October 26, 2029.
• Ayush Relan (DIN: 07716326) was approved for re-appointment as a Whole-time Director for a term of three years, from January 02, 2027, to January 01, 2030.
• Rajat Bhandari (DIN: 02154950), a Chartered Accountant and Company Secretary, was approved for re-appointment as a Whole-time Director for a term of three years, from January 02, 2027, to January 01, 2030.

The Board also approved the draft notice for the 7th Annual General Meeting (AGM), which is scheduled to be held on Monday, July 27, 2026, through VC or OAVM.

Divisional Business Focus​

The group's overall operations remain concentrated in the manufacturing of different seating systems and components for automobiles, including two-wheeler parts, reporting only a single business segment and operating solely in India.

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Disclaimer: All figures and financial data are presented exactly as provided in the source material. The article is strictly based on the corporate actions and filings provided.

NDRAUTO Stock Price Movement​

Shares of Ndr Auto Components Limited are edging higher to ₹828 as of 3:04 PM today, gaining 0.74% in live trading. The stock is seeing active interest, with volume currently recorded at 32,916 shares.