India Motor Parts and Accessories Limited — Others, 27-06-2025: Shareholders meeting

India Motor Parts & Accessories Limited has announced a board meeting on July 25, 2025, to consider the financial results for the quarter and half-year and approval of annual accounts and dividend declaration. The Board proposes a final dividend of ₹20 per share, aggregating to ₹30 per share including the interim dividend. The company completed the amalgamation of its wholly owned subsidiary, CAPL Motor Parts Private Limited, effective April 1, 2023, resulting in restated financials. The company reported sales of ₹785.71 Cr, a 6.44% growth, with a profit after tax of ₹83.67 Cr for FY 2024-25. It expanded its branch network to 89 across 20 states and added a new ERP system to improve efficiencies. Related party transactions with Brakes India Private Limited up to ₹400 Cr per annum continue at arm’s length. M/s M Damodaran & Associates LLP have been appointed secretarial auditors for five years. The company maintains strong corporate governance and internal controls with no material non-compliance or audit qualifications.