NDR Auto Components Limited, a prominent name in the automotive sector, has recently provided an update to the stock exchanges regarding a Memorandum of Family Settlement executed between its promoters. The family settlement, which took place on March 3, 2025, involves the Relan family—comprising Mr. Rohit Relan, Mrs. Ritu Relan, Mr. Rishabh Relan, Mr. Pranav Relan, and Mr. Ayush Relan.

While the company is not a party to the family settlement, it has disclosed the key details to ensure transparency with its shareholders and investors, as mandated by the Securities Exchange Board of India (SEBI) regulations. The agreement is meant to address potential conflicts within the family and bring about a lasting resolution for any disputes over ownership rights, ensuring peace and harmony among the family members.

Importantly, the settlement does not affect the control or management of NDR Auto Components, nor does it alter the aggregate shareholding of the Promoter and Promoter Group. The shareholding pattern of the Relan family remains intact, with no changes expected in the immediate future.

As part of the family settlement, all ownership rights, entitlements, and interests in the shares held by the Relan family members in NDR Auto Components and Bharat Seats Limited (BSL) are to be transferred to an irrevocable family trust. This family trust, which is created under the provisions of the Indian Trusts Act, 1882, will manage these shares for the benefit of the Relan family and their descendants.

While the family settlement ensures the continuity of NDR Auto’s operations without disruption, the company has reassured its stakeholders that there will be no change in the company’s overall management or operations. The primary objective of this settlement is to provide a solution to any potential disputes within the family and to safeguard the company's stable governance structure.

With no changes expected in the company’s leadership or its shareholding structure, NDR Auto Components continues to focus on maintaining its position in the market. The settlement will be subject to the approval of the Securities and Exchange Board of India (SEBI), in accordance with the provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

In conclusion, NDR Auto Components remains on track with its business operations, and this family settlement helps reinforce stability and continuity within the company while ensuring the well-being of the Relan family members involved.

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