Igarashi Motors India Limited — Others, 11-07-2025: Shareholders meeting

Igarashi Motors India Limited has announced a board meeting on August 8, 2025, to consider the financial results for the quarter and half-year. The company reported a 16% revenue growth to ₹838.42 Cr in FY 2024-25, driven by strong demand across automotive and non-automotive segments, with exports constituting 55% of revenue. Profit after tax surged 153% to ₹24.17 Cr, supported by operational efficiencies and portfolio diversification including Electric Parking Brake (EPB), Trunk Opening Closing Device (TOCD), and new safety and body applications. Domestic revenue share rose to 28%, reflecting deeper market penetration. The company sources 89% of its energy from renewables and spent ₹55 Lakhs on CSR, focusing on health and community welfare. The board seeks shareholder approval for material related party transactions with Igarashi Electric Works Limited, Japan, up to ₹950 Cr, and for remuneration of Managing Director Mr. R. Chandrasekaran for two years from October 2025. Independent Director Mr. L Ramkumar is proposed for re-appointment for a second term. The company maintains strong governance, zero reportable safety incidents, and continues investments in R&D and manufacturing automation to support sustainable growth and innovation.