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Amtek Auto Limited
Amtek Auto Limited Overview
INDIA HO
New DelhiCOMPANY SIZE
4100INDIA HO
New DelhiCIN
L27230HR1988PLC030333TYPE
PublicCATEGORY
Company limited by SharesSUB-CATEGORY
Non-govt companyWEBSITE
http://www.amtek.com/FOUNDED
1988-08-04PAID-UP CAPITAL
449,511,000AUTHORISED CAPITAL
1,150,000,000TRADE MARK
AMTEKACCREDIT
ISO/TS 16949Amtek Auto Limited in News
Regulator questions infusion of loan to Amtek Auto by promoter's firm
The promoter companies injected some loans that were later converted into equity. Starting from 2015, Amtek Auto has taken loans of Rs 118.75 crore from Aisa and Rs 73.75 crore from Amtek Laboratories.
Local Companies, Global PEs in Race for Amtek
“Bharat Forge and Sona are looking to acquire parts of the auto forging assets, while financial investors are looking to acquire the entire basket,” said a source.
Amtek Auto’s MD resigns as board discusses debt issues
Amtek Auto's board discussed ways to resolve debt repayment issues as the components maker faced the likelihood of falling under Insolvency and Bankruptcy Code as per RBI guidelines.
Amtek Auto takes winning streak to 3rd session, up 10% on company clarification
The stock gained after reports that 21 investors have sent expressions of interest to Amtek Auto.
Amtek Auto surges 10% on stake sale buzz
The scrip opened at Rs 26.65 and touched an intraday high and low of Rs 28.15 and Rs 26.50 respectively, in trade so far.
Amtek Auto seeks shareholders' nod to rejig Rs 95 cr debt
Debt-ridden auto component firm Amtek Auto plans to issue more than 2.6 crore shares to a lender as part of restructuring debt worth Rs 95.26 crore.
Amtek Auto Q3 net loss widens to Rs 241.56 crore
Net sales during the period under review stood at Rs 438.40 crore as against Rs 824.69 crore in the year-ago quarter, the company Amtek Auto said in a BSE filing.
Amtek Auto posts Rs 755.18 crore loss for September quarter
The company had posted a net loss of Rs 158.62 crore for the quarter ended September 30, 2015, Amtek Auto Ltd said in a BSE filing.
Amtek Auto, 3 units agree to equity infusions by new investors
The plan also envisages a broader corporate restructuring involving the consolidation of the domestic business and the ongoing asset monetisation to support the proposed plan, it added.
Amtek Auto shares tank 6.5% on weak Q1 earnings
The scrip tanked 6.46 per cent to Rs 41.25 on BSE. At NSE, shares of the company dropped 6.46 per cent to Rs 41.20.
Amtek Auto Q1 net loss widens to Rs 320 crore
Net sales of the company also declined to Rs 539.83 crore for the June quarter as against Rs 854.22 crore in the same period of previous fiscal, Amtek Auto said in a regulatory filing.
Amtek Auto shares rise on news to expand asset sale
Amtek Auto, which had defaulted on bond payments last year, had earlier said that it is considering various options to cut its debt via sale of its non-core business and stake sale in overseas assets.
Investments from auto component manufacturer has gone up, say machine tool makers
In the recently concluded Machine tool Expo, AMTEX, almost all of the exhibitors said that they have seen a better demand from auto component makers in the first quarter of financial year 2017 as compared to same quarter a year before.
Banks to take control of two units of Amtek Auto for defaulting on bond repayment
Sources from banking circles said that at a recent meeting held in Mumbai, banks led by IDBI Bank have agreed in principle to convert a part of their debt into equity.
Amtek Auto shares up 7% as firm inches closer to sell German unit Tekfor
The consolidated debt of the group is estimated to be about Rs 14,700 crore adding that the group plans to sell a 50% stake in a JV and a domestic food business and raise funds from three overseas investors.
Amtek Auto close to a deal for Tekfor; explores stake sale in the listed arm
Amtek has shortlisted two bidders for Tekfor, its German subsidiary. The company is also in talks with a financial investor to offload a significant stake in Amtek Auto.
Amtek Auto posts Rs 528.69 crore loss in March quarter
Amtek Auto had posted a net profit of Rs 129.82 crore in the same quarter in the previous fiscal, it said in a BSE filing.
Auto chiefs make Europe second home
Sunjay Kapur, chairman of the Sona Group, divides his time between India and Germany, where the company has three factories.
Amtek Auto reports net loss of Rs 132.15 crore in third quarter
Net sales of the company dropped by 20.4 per cent to Rs 824.69 crore in the quarter under review.
Directors of Amtek Auto Limited
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Madhu Vij | 00025006 | madhuvij@hotmail.com | Director | 19 Mar,2015 |
| Arvind Dham | 00047217 | dham.a@rediffmail.com | Director | 04 Aug,1988 |
| Deshpal Singh Malik | 00052362 | ds.malik@amtek.com | Managing Director | 19 Mar,2001 |
| Bahushrut Lugani | 00052387 | luganib@gmail.com | Director | 30 Jun,1998 |
| Gautam Malhotra | 00157488 | corporatecorp9@gmail.com | Director | 13 May,2013 |
| Rajeev Kumar Thakur | 01117707 | rajeev.grassik@gmail.com | Director | 30 Nov,1994 |
| Sanjiv Bhasin | 01119788 | sbhasin57@rediffmail.com | Director | 24 Nov,2014 |
| Sanjay Chhabra | 01237026 | sarkar6534@gmail.com | Director | 29 Sep,1995 |
| John Ernest Flintham | 01463500 | John.Flintham@uk.amtek.com | Managing Director | 31 Jul,2007 |
| Raj Narain Bhardwaj | 01571764 | anchal@landmarkcapital.in | Director | 15 Feb,2012 |
| Mukesh Gupta | 06638754 | mk.gupta@licindia.com | Nominee Director | 14 May,2015 |
Amtek Auto Limited deals in:
Components
A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-
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