Akar Auto Industries Ltd — Important, 28-05-2026: Company Update

AKAR AUTO INDUSTRIES received a notice from BSE regarding a delay in appointing a Woman Director to its Board. This led to BSE imposing a fine of Rs. 0.0145 Cr (excluding GST) for the quarter ended March 31. The company clarified that the delay occurred during the identification and finalization of a suitable candidate. However, AKAR AUTO INDUSTRIES has since completed the appointment and achieved compliance. The company noted that the impact on its financials or operations is limited solely to the fine amount.