Akar Auto Industries confirms compliance on Woman Director

1 min read Updated on 29 May 2026, 10:56 PM

Reviewed by

Naman SScanX News Team

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Akar Auto Industries informed the BSE on May 29, 2026, that it has appointed a Woman Director and complied with Regulation 17(1) of the SEBI LODR Regulations, 2015. The company explained the delay was due to the time needed to find a suitable candidate and assured the Board would ensure future compliance.

*this image is generated using AI for illustrative purposes only.

Akar Auto Industries confirmed to the Bombay Stock Exchange (BSE) on May 29, 2026, that it has appointed a Woman Director and now complies with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company attributed the previous delay to the time required to identify and select a suitable candidate for the position. The Board stated it will take necessary steps to ensure timely compliance with regulatory requirements going forward.

The BSE had earlier issued a communication on February 27, 2026, referencing the delay. The company submitted its response to the Corporate Relations Department of the exchange, detailing the reasons for the lapse and the subsequent rectification. The correspondence was signed by Dipak Kala, Company Secretary of Akar Auto Industries.

The following table outlines the details of the compliance intimation:

S.no.	Particulars	Details
a)	Name of the Authority	Bombay Stock Exchange (BSE)
b)	Regulation	Regulation 17(1) of SEBI LODR Regulations, 2015
c)	Reason for delay	Time involved in identification and selection of a suitable candidate
d)	Current Status	Woman Director appointed; compliance ensured
e)	Future Action	Board to ensure timely compliance with applicable requirements

Historical Stock Returns for Akar Auto Industries

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.16%	+10.76%	+15.79%	-25.92%	-3.06%	+436.53%

How will the new Woman Director's expertise influence Akar Auto Industries' strategic direction?

What specific internal governance changes will the Board implement to prevent future compliance delays?

Will this timely rectification improve investor confidence and potentially impact the company's stock performance?

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Akar Auto Industries FY26 profit drops 85.7% to ₹92.18 lakh

1 min read Updated on 29 May 2026, 10:23 PM

Reviewed by

Riya DScanX News Team

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Akar Auto Industries Limited reported a significant decline in financial performance for FY26, with net profit falling 85.7% to ₹92.18 lakh. The company incurred a net loss of ₹49.28 lakh in Q4 FY26, compared to a profit in the prior year. Revenue decreased by 9.6% for the full year, while total expenses remained largely stable.

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Akar Auto Industries Limited reported a net profit of ₹92.18 lakh for the financial year ended March 31, 2026, a sharp decline of 85.7% from ₹645.48 lakh in the previous year. The company recorded a net loss of ₹49.28 lakh for the quarter ended March 31, 2026, compared to a profit of ₹124.11 lakh in the same quarter of the prior year. Revenue from operations for the full year fell to ₹34,108.12 lakh from ₹37,710.27 lakh in FY25, while quarterly revenue dropped to ₹7,929.47 lakh from ₹9,395.89 lakh.

The Board of Directors approved the audited annual accounts and financial results at a meeting held on May 29, 2026. The statutory auditors issued an audit report with an unmodified opinion for the quarter and year ended March 31, 2026. The company is engaged in the business of automotive components and operates as a single reportable segment in accordance with Ind AS 108.

Total expenses for the year increased marginally to ₹33,633.33 lakh from ₹33,629.71 lakh in the previous year, driven by higher finance costs and depreciation. For the quarter, total expenses stood at ₹7,778.19 lakh. The company reported exceptional items of ₹113.82 lakh for the year and ₹4.13 lakh for the quarter.

The basic and diluted earnings per share (EPS) for the year stood at ₹0.85, down from ₹5.98 in the previous year. For the quarter ended March 31, 2026, the EPS was negative at ₹(0.46). The paid-up equity capital remained unchanged at ₹539.40 lakh.

Financial Performance

Metric	Year Ended 31.03.2026 (₹ in Lakhs)	Year Ended 31.03.2025 (₹ in Lakhs)	Change (%)
Revenue from Operations	34,108.12	37,710.27	-9.6%
Total Income	34,143.11	37,738.21	-9.5%
Total Expenses	33,633.33	36,829.71	-8.7%
Profit for the Period	92.18	645.48	-85.7%
Basic EPS (₹)	0.85	5.98	-85.8%

Quarterly Results

Metric	Quarter Ended 31.03.2026 (₹ in Lakhs)	Quarter Ended 31.03.2025 (₹ in Lakhs)
Revenue from Operations	7,929.47	9,395.89
Total Income	7,938.84	9,407.20
Total Expenses	7,778.19	9,281.22
Profit for the Period	(49.28)	124.11
Basic EPS (₹)	(0.46)	1.15