Mumbai, March 20 -- According to the company's stock exchange filing, the revised agreement will allow Automotive Axles to directly supply products to certain customers who were previously serviced through MHVSIL.

These customers, primarily original equipment manufacturers (OEMs), have been sourcing products manufactured by Automotive Axles through MHVSIL under an older supply agreement dating back to 27 February 1999.

Under the new arrangement, the company will now engage with them directly, ensuring business continuity without any changes to product specifications, pricing, or service terms.

The agreement comes after shareholders rejected certain related-party transactions between Automotive Axles and MHVSIL, necessitating this revis...