Munjal Showa , a prominent manufacturer of struts, shock absorbers, and front forks, has announced the resignation of Neha Bansal from her position as Company Secretary and Compliance Officer. The resignation, effective August 23, 2025, was disclosed in a regulatory filing to the stock exchanges.

Key Details of the Resignation

• Effective Date: August 23, 2025 (close of business hours)
• Reason: Personal reasons
• Additional Positions Relinquished:
  • Key Managerial Personnel
  • Nodal Officer for IEPF Authority
  • Chairperson of the Internal Committee for Prevention of Sexual Harassment

Company's Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Munjal Showa informed the BSE and National Stock Exchange of India about Bansal's resignation. The company provided details as required by SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Neha Bansal's Statement

In her resignation letter, Bansal expressed gratitude for the opportunity to work with Munjal Showa. She stated, "It has been a truly enriching and rewarding experience to be associated with the Company. I sincerely thank the Board of Directors of the Company for the opportunity, support, and guidance extended to me during my tenure."

Bansal also acknowledged the professional growth and learning she gained during her time with the company, emphasizing her appreciation for the experience.

Company Profile

Munjal Showa, with its registered office in Gurugram, Haryana, is known for manufacturing world-class automotive components. The company collaborates with Astemo Limited (formerly known as Hitachi Astemo Limited) and is listed on both the BSE and the National Stock Exchange of India.

As Munjal Showa prepares for this transition in its key management personnel, the company has not yet announced a successor for the position of Company Secretary and Compliance Officer.

Munjal Showa , a leading manufacturer of auto components, has reported a decline in its financial performance for the first quarter of the fiscal year 2025-26. The company's unaudited financial results, released on August 4, 2025, reveal a decrease in revenue and profitability compared to the same period last year.

Revenue and Profit

The company's revenue from operations for Q1 FY2026 stood at ₹286.04 crore, down from ₹310.75 crore in the corresponding quarter of the previous year, marking a decline of approximately 8%. This decrease in revenue reflects challenging market conditions in the auto components sector.

Munjal Showa's net profit for the quarter fell to ₹8.28 crore, compared to ₹11.92 crore in Q1 FY2025, representing a significant drop of about 30.5%. This reduction in profitability underscores the pressures faced by the company in maintaining its bottom line amid a competitive market environment.

EBITDA and Margins

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a substantial decrease, falling to ₹15.58 crore from ₹72.15 crore in the same quarter last year. This represents a sharp decline of about 78.4%. Consequently, the EBITDA margin contracted significantly, dropping to 5.45% from 23.22% in the previous year's corresponding quarter.

Operational Highlights

Despite the overall decline, Munjal Showa reported an increase in other income, which rose to ₹11.01 crore from ₹9.18 crore in the same quarter last year. This increase in other income helped to partially offset the impact of reduced operational revenue.

The company's total expenses for the quarter stood at ₹287.17 crore, slightly lower than the ₹306.50 crore reported in Q1 FY2025. This reduction in expenses indicates the company's efforts to manage costs in a challenging business environment.

Financial Position

As of June 30, 2025, Munjal Showa maintained a stable equity position with a paid-up equity share capital of ₹7.99 crore, unchanged from the previous year. The face value of each share remains at ₹2.

Key Financial Metrics

All financial figures in ₹ crore, except percentages

Munjal Showa, known for manufacturing world-class struts, shock absorbers, front forks, and gas springs-window balancers in collaboration with Showa Corporation, Japan, continues to navigate through the current market challenges. Investors and stakeholders will be watching closely to see how the company adapts its strategies to improve performance in the coming quarters.

The financial results have been reviewed by the company's statutory auditors, Deloitte Haskins & Sells LLP, and approved by the Board of Directors in their meeting held on August 4, 2025.