Ndr Auto Components Limited — Important, 09-05-2025: Agreements

NDR Auto Components has approved a 27.5% dividend (Rs. 2.75/share), re-appointed three independent directors, and appointed M/s S.R. Batliboi & Co. LLP as statutory auditors for five years. The company is entering a 50:50 JV with Hayashi Telempu to form NDR Hayashi Automotive India Pvt Ltd, investing ~Rs. 33.3 Cr to manufacture auto components like ambient lights and interiors. The JV targets Indian and export markets, focusing on innovative products for OEMs with balanced board control.