Postal Ballot - Scrutinizer''s Report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Akar Auto Industries Ltd conducted a postal ballot through remote e-voting from March 2 to March 31, 2026, to appoint Mrs. Shobha Prasad (DIN: 11012990) as an Independent Director of the Company. The resolution was a Special Resolution requiring promoter group non-interest confirmation. Out of 10,788,010 total shares outstanding, 3,745,145 votes were polled (34.72% turnout). The resolution passed with 3,745,073 votes in favor (99.99%) and only 72 votes against (0.01%). Mr. Nitin S. Sharma of Nitin S. Sharma & Associates served as the Scrutinizer, and Bigshare Services Private Limited provided the e-voting platform. The result was declared on April 1, 2026.
The appointment of Mrs. Shobha Prasad as an Independent Director strengthens the Board's composition with independent oversight. The near-unanimous shareholder approval (100% of votes cast) indicates strong confidence in the appointment, which is positive for corporate governance and may support investor confidence.