Intimation of Board of Directors comment on the delay in the appointment of women director on the board
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Akkar Auto Industries has responded to a BSE query regarding the delay in appointing a women director on its board. The company cited the time required for identification and selection of a suitable candidate as the reason for the delay. The appointment has now been completed and the company claims to have ensured compliance with Regulation 17(1) of SEBI LODR Regulations. The Board has committed to taking necessary steps for timely compliance with regulatory requirements going forward. The company Secretary Dipak Kala signed the response dated May 29, 2026.
The company has now achieved compliance with the women director requirement under SEBI regulations, eliminating a potential regulatory risk. The impact on the stock is likely neutral to slightly positive as the compliance gap has been closed.