Automotive Axles Limited has announced an amendment to its Memorandum of Understanding with Meritor HVS (India) Limited. The amendment, executed on April 29, 2026, extends the original MOU's term by one year, demonstrating continued collaboration between the two automotive industry players.

Agreement Extension Details

The key details of the Memorandum of Understanding amendment are outlined in the company's regulatory filing:

Regulatory Compliance and Filing Details

The disclosure has been made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Debadas Panda signed the regulatory filing, which was digitally executed on April 29, 2026 at 12:19:34 +05'30'.

This amendment follows the company's earlier disclosure dated March 20, 2025, which detailed the original Memorandum of Understanding between Automotive Axles Limited and Meritor HVS (India) Limited. The filing references Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 issued on July 11, 2023 (updated as on January 30, 2026).

Agreement Framework and Terms

According to the regulatory annexure, the amendment maintains the same framework as the original agreement. The company has indicated that key aspects remain unchanged from the original disclosure:

The filing confirms that both parties mutually agreed to this extension, with no material impact on the company's operations or financial position. The original disclosure dated March 20, 2025 is available on the websites of stock exchanges and the company's official website.

Corporate Information

Automotive Axles Limited operates from its registered office and Mysuru unit located in Hootagalli Industrial Area, Off Hunsur Road, Mysuru, Karnataka. The company maintains various international quality certifications including ISO 9001:2015, IATF 16949:2016, EMS ISO 14001:2015, and OHSAS ISO 45001:2018, reflecting its commitment to quality and operational excellence in the automotive axles manufacturing sector.

BF Investment Limited has filed a regulatory disclosure with the National Stock Exchange and BSE, confirming that no encumbrance has been created on its shareholding in Automotive Axles Limited during Financial Year 2025-26. The declaration was submitted on April 2, 2026, in compliance with SEBI regulations governing substantial shareholding acquisitions and takeovers.

Regulatory Compliance Declaration

The disclosure was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters and promoter group entities to declare any encumbrances created on their shareholding in listed companies. BF Investment Limited, acting on behalf of itself and other promoter group entities, confirmed that no such encumbrances were created during the specified financial year.

Promoter Group Details

The declaration covers the following entities within the promoter group:

Corporate Information

BF Investment Limited, incorporated with CIN L65993PN2009PLC134021, is based in Mundhwa, Pune Cantonment, Maharashtra. The company operates as part of the Kalyani Group and maintains its registered office in Pune. Company Secretary Gayatri Karandikar signed the disclosure document on behalf of BF Investment Limited.

Stock Exchange Communication

The disclosure was simultaneously submitted to both major Indian stock exchanges. The communication was addressed to the National Stock Exchange of India Limited at Exchange Plaza, Bandra-Kurla Complex, Mumbai, and BSE Limited at Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai. A copy of the declaration was also sent to Automotive Axles Limited at its registered office in Hootagalli Industrial Area, Mysore.

This regulatory filing demonstrates the company's commitment to maintaining transparency in promoter shareholding and adhering to SEBI's disclosure requirements for listed entities.