Akar Auto Industries Limited - Postal Ballot Notice ("Notice")
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Akar Auto Industries has sent out a Postal Ballot Notice to shareholders seeking approval for a Special Resolution to appoint Mrs. Shobha Prasad (DIN: 11012990) as an Independent Director for a 5-year term from 30 January 2026 to 29 January 2031. Mrs. Prasad is a former Indian Ordnance Factory Service (IOFS) officer selected via the UPSC Civil Services Examination in 1990, and holds a BA (Honours) in Political Science from Patna College. She holds no equity shares in the company and has no directorships in other listed entities. E-voting will be open from 2 March 2026 (9:00 a.m.) to 31 March 2026 (5:00 p.m.), with the cut-off date for eligibility set at 20 February 2026. The results will be filed with BSE within two working days after the voting period ends.
This is a routine governance announcement with no material financial or operational impact. Shareholders eligible as of the 20 February 2026 cut-off can vote electronically; the appointment of an additional independent director modestly strengthens board oversight.