Intimation under Regulation 30 of SEBI LODR 2015 Reappointment of Mr. Sunil Todi (DIN: 00061952) as the Managing Director and Completion of tenure of Mrs. Bhavna Saboo (DIN: 03008960) as ....
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The Board of Akar Auto Industries has re-appointed Mr. Sunil Todi (DIN: 00061952) as the Managing Director for a fresh 5-year term from 16th September 2025 to 30th September 2030, subject to shareholder approval at the upcoming AGM. Mr. Todi is a Chartered Accountant and Company Secretary with over 35 years of experience in the auto and steel industries, and has been part of the company since 1993. Separately, Mrs. Bhavna Saboo (DIN: 03008960), who served as an Independent Director for two consecutive 5-year terms, will complete her tenure on 30th September 2025, and the Board has recorded its appreciation for her contribution. Mr. Todi holds 40 equity shares in the company and is not related to any other director.
No negative impact expected — leadership continuity is maintained with the Managing Director being re-appointed, while the independent director's exit is a routine end-of-term event and not a resignation. Shareholders will need to approve Mr. Todi's re-appointment via a special resolution at the next AGM.