Ndr Auto Components Limited — Important, 06-03-2025: Updates
06-03-2025 | 09:49 am
06-03-2025 | 09:49 am
NDR Auto Components Limited has received information regarding a Memorandum of Family Settlement executed among the Relan Family. The settlement aims to address potential disputes arising from conflicting claims within the family and is designed to ensure family harmony. Importantly, the company clarifies that it is not a party to this settlement and that there will be no material impact on management or control. Furthermore, there will be no change to the aggregate shareholding of the Promoters and Promoter Group, who collectively hold 73.06% of the company's shares. Thus, investors can maintain their positions without concern over immediate governance changes or risks from this internal family arrangement.
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