Compliance under Regulation 24(A) Annual Secretarial Compliance Report for the year ended 31st March 2026
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Akar Auto Industries Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, audited by Practicing Company Secretary Nitin S. Sharma. The report reveals one non-compliance: a delay in appointing a Woman Director within the prescribed 3-month period under SEBI LODR Regulation 17(1), for which BSE levied a fine. The company has since appointed the Woman Director and remedied the issue. All other compliance areas including Secretarial Standards, insider trading norms, related party transactions, and website disclosures were found satisfactory. The company has no subsidiaries and no material actions were taken against it by SEBI or stock exchanges during the review period.
Shareholders can note that the company faced a minor regulatory penalty for delayed appointment of a woman director but has since rectified the issue. Overall compliance status is clean with no ongoing violations, which is a positive indicator for governance standards.