Outcome of the AGM held on 30th Sep 2025
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Akar Auto Industries held its 36th Annual General Meeting on September 30, 2025, via Video Conferencing from 11:30 AM to 12:20 PM. Eight resolutions were passed, including adoption of the audited financial statements for FY25, declaration of dividend, re-appointment of Mr. Narendrakumar Gupta (retiring by rotation), appointment of statutory and secretarial auditors, re-appointment of Mr. Sunil Todi as Managing Director with remuneration (special resolution), ratification of cost auditor remuneration, and approval of material related party transactions. Mr. Nitin Sharma was appointed as the scrutinizer for the e-voting process. The Chairman expressed confidence in the company's long-term sustainable growth through new strategies, product expansion, cost optimization, and new customer wins.
This is a routine AGM outcome filing with no extraordinary announcements. Shareholders should watch for the dividend declaration amount and the voting results (due within 2 working days), as well as the terms of Mr. Sunil Todi's re-appointment as Managing Director. Material related party transaction approval is a standard governance item requiring shareholder nod.