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India Motor Parts & Accessories Limited held its 71st Annual General Meeting. Shareholders adopted the financial statements for FY2024-25 and approved a final dividend of Rs. 20/- per share, bringing the total dividend to Rs. 30/- per share for the year. Attendees also approved the re-appointment of a Director, appointed Secretarial Auditors, and sanctioned related party transactions up to Rs. 400 crore annually with Brakes India Private Limited. The company reported 6.44% revenue growth and expanded its branch network to 89 branches. Management expects increasing demand for replacement parts and anticipates liquidity improvements in the second half of the year.
All announcements from India Motor Parts and Accessories Limited