Scrutinizer''s Report for the 36th Annual General Meeting of the Company
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Akar Auto Industries held its 36th Annual General Meeting on 30th September 2025 via video conferencing, where all 8 resolutions were passed with the required majority. Shareholders approved the audited financial statements for FY ending 31st March 2025, declared a dividend for the year, and re-appointed Mr. Narendrakumar Gupta as a director (retiring by rotation). They also appointed M/s Singh Mundada & Associates as statutory auditors, appointed a secretarial auditor for a 5-year term, re-appointed Mr. Sunil Todi as Managing Director with approved remuneration, ratified the cost auditor's remuneration for FY 2025-26, and approved material related party transactions. Out of 1.07 crore total shares, about 26.80 lakh shares (24.84%) were polled, with promoter group voting 100% in favour and public non-institutional shareholders voting 99.86% in favour across resolutions.
This is routine post-AGM compliance disclosure with all resolutions passing comfortably, confirming dividend payment and board continuity. Low public voting turnout (under 25%) is typical for small-cap companies and unlikely to move the stock. Shareholders can expect the declared dividend to be credited per the company's announced record date.