Automotive Axles Limited
Automotive Axles was established in 1981 as a JV of Kalyani Group (35.5% ownership) and Meritor Inc, USA (35.5% ownership).The Company is engaged in the business of manufacturing and supplying Automotive Parts to the major domestic and global manufacturers of Trucks & Buses (LCV, MCV, HCV, Military & Off-highway Vehicle Segment).
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Automotive Axles Limited received a 'Crisil ESG 66' rating under the Strong Category from Crisil ESG Ratings & Analytics Limited. This voluntary rating reflects the company's strong environmental, social, and governance performance.
AUTOAXLES received a KSPCB notice for exceeding STP water standards at its Mysuru plant. The company quickly implemented corrective measures, confirming parameters are now within limits. No financial impact is anticipated.
Automotive Axles' Board proposed a Rs. 32 final dividend per share for FY26, pending shareholder approval at the AGM. Dividend income is taxable; TDS will apply. Shareholders must submit tax exemption documents by August 5, 2026, for appropriate deductions.
AUTOAXLES will hold its 45th AGM virtually on August 12, 2026. August 5, 2026, is the record date for attending, e-voting, and final dividend eligibility. Shareholders must ensure their email IDs are updated for electronic communication.
Automotive Axles extended its Services Agreement with Meritor HVS (India) for an additional year. This operational development ensures continuity of the key business arrangement, with no impact to the company.