Akar Auto Industries Ltd

AGM details

• Date and mode: 29 September 2026 via VC/OAVM; time 11:30 a.m. IST.
• Record/cut-off date: 22 September 2026 for shareholder eligibility.

Resolutions and outcomes

• Resolution 1: Adoption of audited financial statements; passed with 100% in favour.
• Resolution 2: Dividend declaration for FY ended; passed with 100% in favour.
• Resolution 3: Appointment of Narendrakumar Gupta as director; passed.
• Resolution 4: Re-appointment of statutory auditors for five years; remuneration to be fixed; passed.
• Resolution 5: Ratification of remuneration to Cost Auditor for 2026-27; passed.
• Resolution 6: Approval of material related party transactions with R L Steels & Energy Limited; passed.

Dividend

• Dividend declared/approved; per-share amount not disclosed.

Directors & auditors

• Director change: appointment in place of retiring director.
• Auditors: Statutory auditors re-appointed for five years; remuneration to be fixed.

Related party transactions

• Material related party transactions with R L Steels & Energy Limited approved.

AGM Details

• 37th AGM held Sep 29, 2026, 11:30 AM to 11:55 PM IST via VC/OAVM.

Resolutions

• Adopt Audited Balance Sheet, P&L, Cash Flow, Notes with Board and Auditor reports.
• Dividend declaration for FY ended 31 March 2026.
• Reappoint Narendrakumar Gupta by rotation (DIN 00062268).
• Reappoint Singh Mundada & Associates as Statutory Auditors for a second five-year term; fix remuneration.
• Ratify remuneration to Cost Auditor for 2026-27.
• Approve Material Related Party Transactions with RL Steels & Energy Limited.

Directors

• Narendrakumar Gupta reappointed by rotation.

Auditors

• Statutory Auditor reappointed for second five-year term; remuneration to be fixed.

Related Party Transactions

• Approval for Material Related Party Transactions with RL Steels & Energy Limited.

Akar Auto Industries Ltd – Trading Window Closure from 01 October 2026 until 48 hours from the date of declaration of Un-Audited financial results for the quarter and half year ended 30 September 2026.

Governance update

• Delay due to time in identifying and selecting a suitable Woman Director candidate.
• The company has appointed the Woman Director and complied with Regulation 17(1) LODR.
• The company has submitted an application to the Stock Exchange seeking a waiver of the fine; under process.
• The Board shall take steps to ensure timely compliance with applicable regulatory requirements going forward.

Financial results

• Unaudited Q1 FY2026 results approved for quarter ended 30 June 2026 under Reg 33, with Limited Review.
• Results uploaded on company website.

Auditor, dividend and AGM

• Re-appoint M/s Singh Mundada & Associates as Statutory Auditors for 2nd consecutive 5-year term.
• Dividend of 6% (Rs 0.30 per equity share) for FY2025-26, subject to shareholder approval.
• 37th AGM scheduled for 29 Sep 2026 at 11:30 AM via VC/OAVM.

Meeting Details

• Board meeting scheduled for Wednesday, 12 August 2026 at 12:30 p.m. at E-5, MIDC Waluj, Aurangabad.

Key Agenda Items

• Approval of the Un-Audited Financial Results for quarter ended 30 June 2026.
• Record the Limited Review Report by Statutory Auditors for the quarter ended 30 June 2026.
• Consider recommendation of final dividend for year ended 31 March 2026, if any.

Other Notes

• Trading window for designated employees and directors closed from 1 July 2026 to 14 August 2026.