Key Quantitative Figures and Actions
- The members of the company at their AGM held on Thursday, August 13, 2026, approved a final dividend of Re. 1.00 per equity share for the Financial Year 2025-26.
- The members approved the appointment of Mr. Naresh Kumar Verma (DIN: 07087356) as Executive Director-Operations of the company for a period of 5 years, effective from June 1, 2026.
Parties Involved and Rationale
- The appointment of Mr. Naresh Kumar Verma was initially approved by the Board of Directors in their meeting held on May 30, 2026, and subsequently ratified by shareholders at the AGM.
- The company affirmed compliance with BSE Circular Ref. No. LIST/COMP/14/2018-19 and NSE Circular NSE/CMU/2018/02, both dated June 20, 2018, stating that the appointed director is not debarred from holding the office of director by virtue of any order from SEBI or any other authority.
Director Profile and Details
Name: Mr. Naresh Kumar Verma
DIN: 07087356
Age: 66 years
Qualifications: Master in Commerce and holds a Post Graduate Diploma in Personnel Management & Industrial Relations.
Experience: Has 44 years of experience and in-depth knowledge of the company's core business of Automotive Gears. He has exposure in all business verticals and is engaged in supervision and conduct of the company's business. He has been instrumental in establishing and sustaining harmonious industrial relations, providing training & development, human resource management, and business development.
Previous Companies: VXL India Limited, Bhartia Cutler Hammer, Daikin Shriram Air Conditioning.
Current Directorships: Raunaq International Limited and Vibrant Reality Infra Private Limited.