NDR Auto Components543214JV deal update
September quarter results, capex for two plants, DYA joint venture and postal ballot
Board approved a joint venture agreement with Korea's DYA Co., Ltd. to design, manufacture and supply passenger car seats in India, mainly for Kia India and Hyundai India.
By ScoutQuest · · 2 min read
49%DYA Co., Ltd. stake in JV company
- NDR Stake in JV
- 51%
- DYA Stake in JV
- 49%
- JV Scope
- design, manufacture and supply passenger car seats in India, mainly for Kia India and Hyundai India
Board meeting outcome of 4 November 2026
Results for the quarter and six months ended 30 September 2026
- The Board approved the unaudited standalone and consolidated financial results; the statutory auditors' limited review report did not contain any qualification or adverse remark or modified opinion.
- Standalone revenue from operations was 23,605.24 lakhs for the quarter and 45,965.09 lakhs for the six months.
- Standalone net profit for the quarter was 1,759.54 lakhs.
- The auditors added an emphasis of matter drawing attention to the uncertainty relating to the outcome of a search conducted by the Income Tax Department in an earlier year under Section 132 of the Income Tax Act, 1961, at certain premises including manufacturing locations and residence of a few employees/key managerial personnel. Their conclusion is not modified in respect of this matter.
Capex approved
- Additional capital expenditure of Rs. 11.34 crore for the plant at Naviyani, Gujarat and Rs. 7.19 crore for the plant at Kharkhoda, Haryana.
- This is for new programmes of Maruti Suzuki India Limited and Suzuki Motorcycle India Private Limited, in the ordinary course of business.
Joint venture with DYA Co., Ltd.
- The Board approved entering into a Joint Venture Agreement with DYA Co., Ltd., a company incorporated under the laws of the Republic of Korea and listed on the Korean Exchange.
- The purpose is design, manufacture and supply of passenger car seats in India, primarily for supply to Kia India and Hyundai India.
- A joint venture company is proposed to be incorporated in India, in which NDR Auto Components will hold 51% and DYA 49%. Upon incorporation, the JV company will become a subsidiary of the Company.
Solar power SPV
- The Board approved investment in the equity shares of a Special Purpose Vehicle amounting to Rs. 36.30 Lakhs, in one or more tranches, for sourcing power through captive solar power energy.
Postal ballot
- The Board approved a Notice of Postal Ballot seeking shareholders' approval for enhancement of the limit of Material Related Party Transactions with Bharat Seats Limited, and for alteration of Object clause 3(a) of the Memorandum of Association.
- The alteration adds a new sub-clause covering provision of consultancy, advisory and support services to all types of industry in the automotive sector, including marketing, technical, management, finance, legal, human resources/work force and administrative support services, and re-numbers existing sub-clauses without any change.
- The alteration is subject to members' approval by special resolution and approval of the Registrar of Companies (Delhi).
What the announcements mean
- The joint venture and the two capex approvals point to expanding the seating business alongside Japanese and Korean car makers, with a partner bringing in design and manufacturing capability.
- The postal ballot items will take effect only after shareholders vote; the related party transaction limit enhancement and the wider object clause both need that approval.
The company stated this is price sensitive information under SEBI (PIT) Regulations.
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NDR Auto Q2 & H1 FY27: revenue up 22.0%, PAT up 33.2%, order book at Rs. 1,150 crore
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More numbers
- Additional capex for Naviyani, Gujarat plantRs. 11.34 crore
- Additional capex for Kharkhoda, Haryana plantRs. 7.19 crore
- NDR stake in proposed JV company51%
- DYA Co., Ltd. stake in proposed JV company49%
- Investment in equity shares of solar power SPVRs. 36.30 Lakhs
- Standalone revenue from operations, quarter ended 30-09-2026 (Rs. in lakhs)23,605.24
- Standalone net profit for the quarter (Rs. in lakhs)1,759.54
- Standalone revenue from operations, six months ended 30-09-2026 (Rs. in lakhs)45,965.09
Source: BSE · 4 Nov 2026
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