Notice of the 36th Annual General Meeting of Akar Auto Industries Limited to be held on 30th September 2025 at 11.30 AM through video conferencing and other audio visual means.
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Akar Auto Industries has called its 36th AGM on Tuesday, 30 September 2025 at 11:30 AM, held entirely through video conferencing. Ordinary business includes adopting FY2024-25 audited financial statements, declaring a dividend of Rs. 0.60 per share (12%) on equity shares of Rs. 5 face value, and re-appointing Mr. Narendrakumar Gupta as a Non-Executive Director retiring by rotation. Special business covers appointing M/s Singh Mundada & Associates as new statutory auditors for 1 year (replacing M/s GSA & Associates), appointing M/s Nitin Sharma & Associates as secretarial auditor for 5 years, re-appointing Mr. Sunil Todi as Managing Director for 5 years (16 Sep 2025 to 15 Sep 2030) by special resolution, ratifying cost auditor remuneration of Rs. 55,000 plus taxes, and approving material related party transactions with R.L. Steels & Energy Ltd and Akar Industries Pvt Ltd up to Rs. 1,000 crore or 10% of turnover. The record date for dividend is 12 September 2025, book closure runs 24-30 September 2025, and the e-voting window is 27-29 September 2025.
The proposed 12% dividend is a modest but positive return for existing shareholders; the record date has already passed so new buyers won't qualify for this dividend. Re-appointment of the Managing Director signals leadership continuity, while the auditor change and related-party transaction approvals are routine governance items shareholders should review before voting.