The National Stock Exchange of India has approved the reclassification of T V Sundram Iyengar and Sons Private Limited as a Promoter of India Motor Parts & Accessories Limited.

This change, initiated through an application earlier in the year, reflects the company's ongoing efforts to align its shareholder structure with strategic objectives.

The reclassification may enhance operational flexibility and strengthen governance.

Investors should watch closely for how this change could influence the company's future performance and strategic decisions.