Akar Auto Industries has accepted the resignation of Dipak Kala as Company Secretary and Compliance Officer, effective September 18, 2026.

Kala, who also served as Nodal Officer and Head – Legal, tendered his resignation to pursue professional opportunities outside the company. The board thanked him for his contributions during his approximately four-year tenure.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sunil Todi, Managing Director, signed the intimation letter addressed to the Bombay Stock Exchange.

Resignation Details

Kala assured the board of full cooperation during the notice period to ensure a smooth transition of responsibilities.

Akar Auto Industries has scheduled its 37th Annual General Meeting for Tuesday, September 29, 2026. The meeting will be conducted via video conferencing or other audio-visual means to transact ordinary and special business.

The Board of Directors, in a meeting held on August 12, 2026, recommended a final dividend of ₹0.30 per fully paid-up equity share. This represents a payout of 6% on the face value of ₹5 per share for the financial year ended March 31, 2026.

Financial Performance

For FY26, the company reported a decline in both revenue and profitability compared to the previous year.

The Profit After Tax (PAT) for FY26 was ₹92.18 lakhs, as against ₹645.49 lakhs in FY24-25. The decline was partly influenced by exceptional items amounting to ₹113.82 lakhs in FY26, primarily due to provisions for gratuity and leave encashment, whereas there were no such items in the previous year.

Special Business Agendas

Shareholders will vote on several special resolutions, including the ratification of remuneration for the Cost Auditor and approval for material related-party transactions.

Related Party Transactions

The company seeks prior approval for material related-party transactions with R L Steels & Energy Limited for the financial year 2027-28. Mr. Narendrakumar Gupta, a director of Akar Auto Industries, is also a promoter and director of R L Steels & Energy Limited.

The proposed transactions include:

• Total Purchase: ₹200 crore
• Total Sale: ₹30 crore

These transactions involve the procurement of steel, alloy steel, billets, bars, rods, scrap, and other raw materials, as well as the sale of finished goods, semi-finished goods, scrap, and by-products. The company states these transactions are in the ordinary course of business and at arm's length pricing. The proximity of R L Steels' manufacturing facility in Chh. Sambhaji Nagar (Aurangabad) helps save on transportation costs and delivery periods.

In FY25-26, the value of related-party transactions was approximately 27.44% of the company's audited annual turnover for purchases and 1.10% for sales.

Auditor Reappointments

The meeting will also consider the reappointment of:

• Statutory Auditors: M/s. Singh Mundada & Associates, Chartered Accountants, for a second term of five years from the conclusion of the 37th AGM until the conclusion of the 42nd AGM. The proposed statutory audit fees are ₹2.40 lakhs, excluding out-of-pocket expenses.
• Cost Auditor: M/s B. R. Chandak & Company, Cost Accountants, for the financial year ending March 31, 2027, with a remuneration of ₹55,000 plus applicable taxes.

Director Reappointment

Mr. Narendrakumar Gupta (DIN 00062268), Non-Executive Non-Independent Director, retires by rotation and offers himself for reappointment. He has been on the board since the company's inception in 1989.

Dividend and Record Date

Shareholders on record as of Tuesday, September 22, 2026, will be eligible to receive the dividend. The company plans to disburse the payment on or before October 27, 2026, subject to Tax Deduction at Source (TDS).

Shareholder Updates

In compliance with Securities and Exchange Board of India (SEBI) regulations effective from April 1, 2024, dividends will be paid only through electronic mode. Shareholders holding securities in physical form must furnish their Permanent Account Number (PAN), nomination details, contact information, bank account details, and specimen signature to receive payments.

Members are requested to update their electronic bank mandates with their respective Depository Participants (DPs) or Registrar and Share Transfer Agent (RTA). Physical shareholders should submit the prescribed ISR-1 form along with supporting documents to Bigshare Services Private Limited.

Meeting Logistics

The notice of the AGM and the Annual Report for FY26 have been dispatched electronically to members with registered email addresses. Those without registered emails will receive a letter containing the web link to access these documents on the company website.

Remote e-voting facility is available through Bigshare Services Private Limited. The voting period begins on Saturday, September 26, 2026, at 9:00 am and ends on Monday, September 28, 2026, at 5:00 pm.