Reg 34(1) Annual Report of Akar Auto Industries Limited for the Financial year 2024-2025
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Akar Auto Industries Ltd has submitted its Annual Report for FY 2024-25 along with the notice for its 36th Annual General Meeting, scheduled to be held on Tuesday, 30th September 2025 at 11:30 a.m. via video conferencing. The company has proposed a dividend of ₹0.60 per share (12%) on equity shares of ₹5 face value, with record date as 12th September 2025 and payment on or before 29th October 2025. Book closure for the AGM and dividend is from 24th to 30th September 2025. Key business to be transacted includes re-appointment of Mr. Narendrakumar Gupta (Non-Executive Chairman) via retirement by rotation, re-appointment of Mr. Sunil Todi as Managing Director for another 5-year term (16 September 2025 to 15 September 2030), and change of statutory auditors from M/s GSA & Associates LLP to M/s Singh Mundada & Associates for a 1-year term. Approval is also sought for material related party transactions with R.L. Steels & Energy Ltd and Akar Industries Pvt Ltd, appointment of M/s Nitin Sharma & Associates as Secretarial Auditor for 5 years (FY25-26 to FY29-30), and ratification of Cost Auditor remuneration of ₹55,000 for FY 2025-26.
This is largely a procedural regulatory filing ahead of the AGM. Shareholders will receive the Annual Report electronically and can vote remotely between 27-29 September 2025. The modest ₹0.60 dividend and routine management re-appointments are unlikely to move the stock, though investors should review the Annual Report's audited financials for actual FY25 performance and assess the related party transactions.