India Motor Parts and Accessories Limited — Others, 25-06-2025: Shareholders meeting

India Motor Parts & Accessories Limited has announced a board meeting on July 5, 2025, for key leadership appointments. Sri N Krishnan has been appointed as a Director and Whole Time Director for three years with a consolidated monthly salary of Rs. 8 lakh plus commission capped at 1% of net profits and other perquisites. Sri Mukund S Raghavan has been appointed Managing Director for five years with a starting basic salary of Rs. 6 lakh per month, subject to increments, plus commission capped at 1.5% of net profits and similar perquisites. Both appointments were approved with over 99.9% shareholder support through remote e-voting, reflecting strong confidence in the company’s leadership continuity.