Jtekt India Limited — Others, 14-07-2025: Shareholders meeting

JTEKT India has announced its 41st Annual General Meeting on August 28. The Board proposed a dividend of INR 0.70 per share for FY24-25 (17.80 crore total). Revenue from operations rose 7% to INR 2399.34 crore; however, profit after tax declined to INR 75.26 crore, impacting profitability. Capital expenditure increased to INR 374.23 crore for capacity expansion. Shareholders will vote on re-appointing Mr. Rajiv Chanana as Wholetime Director and approving material related party transactions with Maruti Suzuki India (up to INR 3500 crore) and JTEKT Corporation, Japan (up to INR 450 crore). A recall of 5,540 Alto steering gears occurred due to a component defect.