Sharda Motor Industries Limited (SMIL) was incorporated on January 29, 1986 under the Companies Act, 1956 with the Registrar of Companies NCT Delhi & Haryana and received the Certificate of Commencement of Business on January 31, 1986. The Company is presently engaged in manufacturing and assembly of Auto Components. The Company's production includes Exhaust Systems, Catalytic Converters, Suspension Systems, Sheet Metal Components and Plastic parts for Automotive. Apart from these, the Company serves as a Tier I' vendor for some of major Automobiles and Electronics Original Equipment Manufacturers (OEMs).
During the year 2018-19, NDR Auto Components Limited (NACL) was incorporated as Wholly Owned Subsidiary of the Company as Special Purpose Vehicle (SPV) wherein the entire Automobile Seating Business of the Company was demerged as separate entity post the sanction/ approval of Scheme of Arrangement through Demerger by the requisite Authorities.
In FY 2020-21, through the Scheme of Arrangement between the Company and NDR Auto Components Limited (NACL), the Seating Business Undertakings of the Company was demerged into and with n NDR Auto Components Limited, making the Scheme of Demerger effective on March 16, 2020. Consequently the Board of Directors of NDR Auto Components Limited had allotted 59,46,326 Equity shares of Rs. 10/- to the members of the Company on March 12, 2020 in consideration for transfer of the Company.
During the year 2021-22, the Company got into ... a Joint Venture (JV) Agreement with Kinetic Green Energy & Power Solutions Limited on June 23, 2021, in the ratio of 74:26 i.e. (SMIL: 74 & Kinetic: 26) for manufacturing Battery Packs along with BMS /related systems or other alternative fuel systems for Electric Vehicles or other applications such as stationary applications, or any other alternative fuel technology products such as hydrogen fuel-based systems, other components related to electric/hybrid vehicles. Resulting to this, from November 22, 2021, both the Joint Venture partners invested in their Joint Venture ratio 'Udippt Mobility Private Limited' to undertake the Business Activities and Udippt Mobility Private Limited became Subsidiary of the Company on November 22, 2021.
The Company established third plant at Chakan in 2024. It scaled up the Lightweighting Vertical by increasing the market share in control arms & axle assemblies.
FAQs on Sharda Motor Industries Ltd
1. Can I buy Sharda Motor Industries Ltd from PL Capital? ›
Yes, you can invest in Sharda Motor Industries Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Sharda Motor Industries Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Sharda Motor Industries Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Sharda Motor Industries Ltd pay dividends? ›
Yes, Sharda Motor Industries Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Sharda Motor Industries Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Sharda Motor Industries Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Sharda Motor Industries Ltd. is ₹ 879.7 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Sharda Motor Industries Ltd ? ›
The 52-week high and low of Sharda Motor Industries Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
