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NDR Auto Components Limited Board/Management Information 2020
59373_rns_2020-10-23_3e284b0e-4927-4d1d-b0fa-198695794f4d.pdf
Board/Management Information
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Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity,
IGI Airport, New Delhi 110037
Email id: [email protected] Phone No.: 011-66544900
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com
NACL: LISTING: 20-21/2310 23rd October, 2020
BSE Limited Corporate Relationship Deptt. PJ Towers, 25th Floor, Dalal Street, Mumbai – 400 001 (SCRIP CODE - 543214 )
National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G-Block Bandra Kurla Complex, Bandra (East), Mumbai – 400 051. (Symbol - NDRAUTO) (Series - EQ)
Dear Sir/Madam
Sub: Outcome of the Board Meeting
The Board of Directors of the Company at its meeting held on 23rd October, 2020 inter alia has considered and transacted the following business:
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- Considered and approved the Standalone & Consolidated Annual Financial Statements for the period ended 31-03-2020.
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- Pursuant to Regulation 33 of the SEBI Regulations, took note of the Auditors' Report on the audited financial results for the period ended 31st March, 2020, issued by the Statutory Auditors, M/s Gupta Vigg & Co., Chartered Accountants, along with unmodified opinion on Standalone Financial Statements and qualified opinion on Consolidated Financial Statements. A copy of the said Standalone & Consolidated Annual Financial Statements is enclosed along with Auditors' Report thereon is enclosed herewith as Annexure-I.
Pursuant to the provisions of SEBI circular No. CIR/CFT/CMD/56/2016 dated May 27, 2016, qualified opinion on Consolidated Financial Statements duly signed by Statutory Auditors and CFO cum WTD is enclosed as Annexure-II
We further declare that Statutory auditors have given their unmodified opinion on the said results, statement to which effect, duly signed by Chief Financial Officer of the Company is also enclosed with Annexure-I.
- Approved the appointment of Mr. Rohit Relan, Mr. Rishabh Relan, Mr. Pranav Relan and Mr. Ayush Relan as Additional Directors on the Board of the Company to hold office upto the date ensuing Annual General Meeting of the Company in the capacity of Non-Executive Promoter Directors (Details and profiles enclosed as Annexure-III to VI)
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity,
IGI Airport, New Delhi 110037
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com Email id: [email protected] Phone No.: 011-66544900
-
- Approved the appointment of Mr. Sanjiv Kapur and Ms Shyamla Khera as Additional Directors on the Board of the Company to hold office upto the date ensuing Annual General Meeting of the Company in the capacity of Independent Director (details and profiles enclosed as Annexure-VII-VIII).
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- Approved shifting of registered office to Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi 110037 with effect from 23rd October, 2020.
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- Approved maintenance of accounts at the Corporate office of the company at Plot No. 1, Maruti Joint Venture Complex, Udyog Vihar, Gurugram with effect from 23rd October, 2020.
The meeting of the Board of Directors commenced at 12:10 P.M. and concluded at 2:45 P.M.
Thanking You,
For NDR Auto Components Limited
ASHUTO SH VEDI Digitally signed by ASHUTOSH VEDI Date: 2020.10.23 15:41:24 +05'30'
Ashutosh Vedi
Company Secretary & Compliance Officer
Encl:a/a
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity,
IGI Airport, New Delhi 110037
Email id: [email protected] Phone No.: 011-66544900
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com
Details of Mr. Rohit Relan ANNEXURE-III
| S.No. | Particulars | Details |
|---|---|---|
| 1 | Reasonforchangeviz.appointment,resignation, removal, death or otherwise | Inordertobroadbaseexisting Board, Mr. RohitRelan,Promoterofthecompany,hasbeenappointed as an AdditionalDirector of the Company.Mr. Rohit Relan has over30 years of experience inAutomobileindustry.Hisappointment on the Boardshall help the company tostrategize in strengtheningthe existing business andgovernance framework. |
| 2 | Dateofappointment/cessation(asapplicable) Term of appointment | 23rd October, 2020AppointedasAdditionalDirectorincapacityofNon-ExecutivePromoterDirector. |
| 3 | Brief profile (in case of appointment) | Profile enclosed |
| 4 | DisclosureofRelationshipsbetweenDirectors (in case of Appointment of aDirector) | Mr. Rohit Relan is Son ofMs.ShardaRelanandBrother of Mr. Ajay RelanMr.RishabhRelan,Mr.PranavRelanandMr.Ayush Relan are sons ofMr. Rohit Relan. |
| 5 | Information as required pursuant to BSECircular with ref. no. LIST/COM P/14/2018-19 and the National Stock Exchange of IndiaLtd with ref. no. NSE/CML/2018/24, dated20th June, 2018 | Mr.RohitRelanisnotdebarred from holding theoffice of Director by virtueof any SEBI Order or anyother such authority. |
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi 110037
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com Email id: [email protected] Phone No.: 011-66544900
MR. ROHIT RELAN PROFILE
Mr. Relan is Chairman- Managing Director - Bharat Seats Ltd, Director - Sharda Motor Industries Ltd, Toyo Sharda India Private Ltd and Relan Industrial Finance Limited, Toyota Boshoku Relan India Pvt. Ltd.
He is a Chartered Accountant (CPA) and has also undertaken Owner President Program - Harvard Business School and Management Development Program - INSEAD France.
Mr. Relan has over 30 years experience in the manufacturing Industry and experience of collaborating with Japanese and other international partners.
Bharat Seats Ltd, specializes in manufacturing complete seating systems, and other interior & exterior parts for cars, two wheelers, with additional competence in two wheeler frame parts, extruded moulded parts, moulded floor carpets etc. Bharat Seats is a TPM certified Company by JIPM of Japan.
Besides his role in the manufacturing sector, Rohit Relan is also a;
Member of:
- Executive Committee Member Federation of Indian Chamber of Commerce & Industry (FICCI)
- Co-Chairman Indo- Japan Business Cooperation Committee (FICCI)
- Senior Vice- President Indian Arbitration Council (FICCI )
- Automotive Component Manufacturers Association (ACMA) Member
- Confederation of Indian Industry (CII)- Member
- Senior Vice Chairman Indian Polyurethane Association (IPUA).
- PHD Chamber of Commerce & Industry
Email id: [email protected] Phone No.: 011-66544900
WPO/YPO – Delhi Chapter
He was early this year conferred "The Order of the Rising Sun, Gold Rays with Rosette" by the Government of Japan.
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity,
IGI Airport, New Delhi 110037
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com Email id: [email protected] Phone No.: 011-66544900
Details of Mr. Rishabh Relan ANNEXURE-IV
| S.No. | Particulars | Details |
|---|---|---|
| 1 | Reasonforchangeviz.appointment,resignation, removal, death or otherwise | Inordertobroadbaseexisting board, Mr. RishabhRelan has been appointedas an Additional Director ofthe Company. Mr. RishabhRelan has rich experienceinBusinessdevelopmentand Financial Planning. HisappointmentwillstrengthenthemanagementoftheCompany. |
| 2 | Dateofappointment/cessation(asapplicable) Term of appointment | 23rd October, 2020AppointedasAdditionalDirectorincapacityofNon-ExecutivePromoterDirector. |
| 3 | Brief profile (in case of appointment) | Profile enclosed |
| 4 | DisclosureofRelationshipsbetweenDirectors (in case of Appointment of aDirector) | Mr. Rishabh Relan is Son ofMr. Rohit RelanMr.RishabhRelan,Mr.PranavRelanandMr.Ayush Relan are brothers. |
| 5 | Information as required pursuant to BSECircular with ref. no. LIST/COM P/14/2018-19 and the National Stock Exchange of IndiaLtd with ref. no. NSE/CML/2018/24, dated20th June, 2018 | Mr. Rishabh Relan is notdebarred from holding theoffice of Director by virtueof any SEBI Order or anyother such authority. |
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity,
IGI Airport, New Delhi 110037
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com Email id: [email protected] Phone No.: 011-66544900
PROFILE RISHABH RELAN
Mr. Rishabh Relan did his graduation- Bachelors in Science in Industrial Engineering from Georgia Institute of Technology, Atlanta, U.S.A and Diploma – 6 Sigma in lean manufacturing from Institute of Industrial Engineering in United States. Mr. Rishabh Relan is 29 years old.
He is Chief Operating officer, of Bharat Seats Limited. Mr. Rishabh Relan is involved in the day to day management and running of the Company with further improvements and growth of the Company as his main agenda. He is responsible for business development and finance planning.
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity,
IGI Airport, New Delhi 110037
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com
Email id: [email protected] Phone No.: 011-66544900
Details of Mr. Pranav Relan ANNEXURE-V
| S.No. | Particulars | Details |
|---|---|---|
| 1 | Reasonforchangeviz.appointment,resignation, removal, death or otherwise | Inordertobroadbaseexisting board, Mr. PranavRelan has been appointedas an Additional Director ofthe Company. Mr. PranavRelan has rich experienceinStockMarketandmanaging internal financialcontrols,operating controlsand compliance controls ofcompany. His appointmentwill help in strengtheningthegovernanceframework. |
| 2 | Dateofappointment/cessation(asapplicable) Term of appointment | 23rd October, 2020AppointedasAdditionalDirectorincapacityofNon-ExecutivePromoterDirector. |
| 3 | Brief profile (in case of appointment) | Profile enclosed |
| 4 | DisclosureofRelationshipsbetweenDirectors (in case of Appointment of aDirector) | Mr. Pranav Relan of Son ofMr. Rohit RelanMr.RishabhRelan,Mr.PranavRelanandMr.Ayush Relan are brothers. |
| 5 | Information as required pursuant to BSECircular with ref. no. LIST/COM P/14/2018-19 and the National Stock Exchange of IndiaLtd with ref. no. NSE/CML/2018/24, dated20th June, 2018 | Mr. Pranav Relan is notdebarred from holding theoffice of Director by virtueof any SEBI Order or anyother such authority. |
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity,
IGI Airport, New Delhi 110037
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com Email id: [email protected] Phone No.: 011-66544900
PROFILE PRANAV RELAN
Mr. Pranav Relan, 28 years old, is a Graduate in Economics from Emory College of Arts and Sciences, Emory University, Georgia, United States and has also cleared certification examination in "NISM – Series – VIII: Equity Derivatives Certification Examination.
He was Whole time Director of Relan Industrial Finance Limited for a period of three years, from 21st July, 2015 to 20th July, 2018, a Company having membership of National Stock exchange of India and having membership of Future and Cash market segment.
Currently he is Assistant Chief Operating Officer in Bharat Seats Limited handling internal financial controls, operating controls and compliance controls.
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity,
IGI Airport, New Delhi 110037
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com
Email id: [email protected] Phone No.: 011-66544900
Details of Mr. Ayush Relan ANNEXURE-VI
| S.No. | Particulars | Details |
|---|---|---|
| 1 | Reasonforchangeviz.appointment,resignation, removal, death or otherwise | Inordertobroadbaseexisting board, Mr. AyushRelan has been appointedas an Additional Director ofthe Company. Mr. AyushRelanhasspecialisationbusiness development andnewprojects.Hisassociation will benefit inmanagementoftheCompany. |
| 2 | Dateofappointment/cessation(asapplicable) Term of appointment | 23rd October, 2020AppointedasAdditionalDirectorincapacityofNon-ExecutivePromoterDirector. |
| 3 | Brief profile (in case of appointment) | Profile enclosed |
| 4 | DisclosureofRelationshipsbetweenDirectors (in case of Appointment of aDirector) | Mr. Ayush Relan of Son ofMr. Rohit RelanMr.RishabhRelan,Mr.PranavRelanandMr.Ayush Relan are brothers. |
| 5 | Information as required pursuant to BSECircular with ref. no. LIST/COM P/14/2018-19 and the National Stock Exchange of IndiaLtd with ref. no. NSE/CML/2018/24, dated20th June, 2018 | Mr.AyushRelanis notdebarred from holding theoffice of Director by virtueof any SEBI Order or anyother such authority. |
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity,
IGI Airport, New Delhi 110037
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com Email id: [email protected] Phone No.: 011-66544900
Profile Ayush Relan
Mr Ayush Relan is 28 Years old with a dynamic personality, who is keenly involved in growing the business.
He did his Bachelor of Science in Business Administration with specialisation in Entrepreneurship & Marketing from North Eastern University in Boston, U.S.A. Currently he is Assistant Chief Operating Officer in Bharat Seats Limited responsible for business development and new projects.
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity,
IGI Airport, New Delhi 110037
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com
Email id: [email protected] Phone No.: 011-66544900
Details of Mr. Sanjiv Kapur ANNEXURE-VII
| S.No. | Particulars | Details |
|---|---|---|
| 1 | Reasonforchangeviz.appointment,resignation, removal, death or otherwise | Inordertobroadbaseexisting board, Mr. SanjivKapur has been appointedas an Additional Director ofthe Company. Mr. SanjivKapur rich experience inthemanufactureofcomponentsfortheautomobileindustryandmedicalequipment.Hisappointmentwillbeofimmense benefit for theCompany. |
| 2 | Dateofappointment/cessation(asapplicable) Term of appointment | 23rd October, 2020AppointedasAdditionalDirectorincapacityofNon-ExecutiveIndependent Director. |
| 3 | Brief profile (in case of appointment) | Profile enclosed |
| 4 | DisclosureofRelationshipsbetweenDirectors (in case of Appointment of aDirector) | NIL |
| 5 | Information as required pursuant to BSECircular with ref. no. LIST/COM P/14/2018-19 and the National Stock Exchange of IndiaLtd with ref. no. NSE/CML/2018/24, dated20th June, 2018 | Mr. Sanjiv Kapur is notdebarred from holding theoffice of Director by virtueof any SEBI Order or anyother such authority. |
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity,
IGI Airport, New Delhi 110037
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com Email id: [email protected] Phone No.: 011-66544900
PROFILE SANJIV KAPUR
Mr. Sanjiv Kapur is B.Tech (Electrical Engg.) from IIT Delhi and has done MS from UNIV OF WISCONSIN-MADISON, USA. Presently I am associated with Medelec Systems Pvt. Ltd. and NUI CRYSTALS PVT. LTD as director.
He has over 37 years of experience in the Medical Equipment and Devices industry. He is the Promoter/Director of Medelec Systems Pvt. Ltd which is involved in the manufacture of sophisticated medical devices for the domestic and international market.
He has rich experience in the manufacture of components for the automobile industry with a wide exposure to the various technologies involved in manufacturing automobile components including machining, pressed metal components tool room etc.
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity,
IGI Airport, New Delhi 110037
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com
Email id: [email protected] Phone No.: 011-66544900
Details of Ms. Shyamla Khera ANNEXURE-VIII
| S.No. | Particulars | Details |
|---|---|---|
| 1 | Reasonforchangeviz.appointment,resignation, removal, death or otherwise | Inordertobroadbaseexistingboard,Ms.Shyamla Khera has beenappointed as an AdditionalDirector of the Company.Ms.ShyamlaKherahasover36yearsofexperienceinBankingindustry. Her guidance infinancial matters will bebeneficial to the Company. |
| 2 | Dateofappointment/cessation(asapplicable) Term of appointment | 23rd October, 2020AppointedasAdditionalDirectorincapacityofNon-ExecutiveIndependent Director. |
| 3 | Brief profile (in case of appointment) | Profile enclosed |
| 4 | DisclosureofRelationshipsbetweenDirectors (in case of Appointment of aDirector) | NIL |
| 5 | Information as required pursuant to BSECircular with ref. no. LIST/COM P/14/2018-19 and the National Stock Exchange of IndiaLtd with ref. no. NSE/CML/2018/24, dated20th June, 2018 | Ms. Shyamla Khera is notdebarred from holding theoffice of Director by virtueof any SEBI Order or anyother such authority. |
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity,
IGI Airport, New Delhi 110037
CIN: U29304DL2019PLC347460 Website: www.ndrauto.com Email id: [email protected] Phone No.: 011-66544900
PROFILE SHYAMLA KHERA
Ms. Shyamla Khera has over 38 years of experience in Banking, including a 7 years stint with SBI Capital Markets and 8 year stint with Kotak Investment Banking (Kotak Mahindra Capital Company)
She had joined State Bank of India as a Probationary Officer in 1977 and worked with them for 22 years. Ms. Khera gained considerable experience in both operations and general management by virtue of heading branches as well various functional departments in the administrative office. The tenure included a 7 years stint with SBI Capital Markets where I specialized in managing equity offerings specially IPOs.
Ms. Khera joined Centurion Bank in 1999 to head all their businesses for the Northern Region and worked across all products of the Bank and managed an asset portfolio with minimal NPAs.
Ms. Khera joined Kotak Mahindra Bank in 2003 to head their Corporate Banking business for the North and set up the business vertical and built a fairly sizeable asset book with no NPAs.
Ms. Khera was inducted into the Kotak Investment Banking business in 2005 when she joined Kotak Mahindra Capital Company to head their Government and PSU business, and was instrumental in winning majority of the mandates from the Government and PSU sector and was closely associated with large deals like Coal India IPO, NTPC FPO and OFS, PGC IPO and FPO, BHEL Block deal, Maruti block deals, etc.
Ms. Khera retired from KMCC in 2013 and currently working with KMCC as a consultant.