India Motor Parts & Accessories Limited , a prominent player in the automotive parts industry, has announced significant changes in its top leadership through a postal ballot. The company's shareholders have overwhelmingly approved two crucial resolutions, marking a new chapter in its management structure.

Re-appointment of Managing Director

N Krishnan has been re-appointed as the Managing Director for a term of three years, effective from July 5, 2022, to July 4, 2025. The shareholders showed their strong support for this decision with a near-unanimous approval rate of 99.99%.

Key details of N Krishnan's appointment include:

• Monthly salary: Rs. 5,00,000
• Commission: Up to 1.50% of net profits

Elevation of Deputy Managing Director

In another strategic move, Mukund S Raghavan has been elevated to the position of Deputy Managing Director. This appointment is for a five-year term, spanning from May 18, 2022, to May 17, 2027. This resolution also received an overwhelming 99.99% approval from the shareholders.

Key details of Mukund S Raghavan's appointment include:

• Monthly salary: Rs. 3,50,000
• Commission: Up to 1.00% of net profits

Comprehensive Benefits Package

Both leadership positions come with an extensive perquisites package, which includes:

• Accommodation
• Medical benefits
• Travel allowances
• Company vehicles

Voting Process and Compliance

The postal ballot was conducted through remote e-voting, concluding on July 1, 2022. The process adhered strictly to the guidelines set forth by the Companies Act 2013 and SEBI regulations, ensuring transparency and fairness. The voting participation was as follows:

This strong shareholder engagement and the near-unanimous approval of both resolutions reflect the confidence of investors in the company's leadership choices and future direction.

The approval of these key appointments signals India Motor Parts & Accessories Limited's commitment to maintaining strong leadership and governance structures. As the automotive industry continues to evolve, these strategic decisions are likely to play a crucial role in shaping the company's future growth and market position.

India Motor Parts & Accessories Limited (IMPAL), a leading player in the automotive spares distribution sector, has reported its financial results for the first quarter ended June 30, 2025, alongside significant changes in its key management personnel.

Financial Performance

IMPAL demonstrated resilience in its financial performance for Q1 FY2026, with total income marginally increasing to Rs 208.66 crores from Rs 208.33 crores in the same quarter last year. However, the company experienced a slight dip in its revenue from operations, which stood at Rs 196.69 crores compared to Rs 197.89 crores in the corresponding period of the previous year.

The company's profitability saw a minor decline, with profit after tax (PAT) at Rs 20.41 crores, down from Rs 20.84 crores in Q1 FY2025. Consequently, the earnings per share (EPS) decreased to Rs 16.35 from Rs 16.70 year-over-year.

Here's a summary of the key financial metrics:

Management Changes

In a significant development, IMPAL announced changes in its key managerial personnel. Mr. Aditya Sharma, the current Company Secretary, Compliance Officer, and Nodal Officer, has tendered his resignation effective August 5, 2025. The company stated that Mr. Sharma's decision to leave is driven by career opportunities outside the organization, with no material reasons cited for the resignation.

To fill this crucial position, the Board of Directors, based on the recommendation of the Nomination & Remuneration Committee, has appointed Ms. R Swetha as the new Company Secretary & Compliance Officer. Ms. Swetha, aged 34, brings a decade of experience to the role and holds B.Com and ACS qualifications. Her appointment will be effective from her joining date, which is expected to be no later than September 15, 2025.

Company Outlook

IMPAL continues to operate exclusively in the sale and distribution of automotive spares segment. The company's ability to maintain stable financial performance amidst challenging market conditions demonstrates its strong market position and operational efficiency.

The Board of Directors reviewed and approved these unaudited financial results at their meeting held on July 30, 2025. The results have been subjected to a limited review by the company's statutory auditors, M/s Brahmayya & Co, Chartered Accountants.

As IMPAL navigates through the fiscal year, investors and stakeholders will be keen to observe how the new management changes and the company's strategic initiatives impact its performance in the coming quarters.