BSE Fines Akar Auto ₹1.45 Lakh for Woman Director Delay
Akar Auto Industries Ltd (BSE: 530621) has been fined ₹1,45,000 by BSE Limited for non-compliance with Regulation 17 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fine, excluding GST, was imposed for the quarter ended March 31, 2026, due to a delay in appointing a Woman Director to the company's Board. The company received the notification on May 27, 2026, and is required to pay the fine by June 10, 2026. Akar Auto stated that the delay was due to the time taken to identify and finalize a suitable candidate, and the appointment has since been made, bringing the company into compliance. The company expects no impact on its financial, operational, or other activities beyond the fine amount.
Key Highlights
- BSE imposed a ₹1.45 lakh fine on Akar Auto.
- Penalty for delay in appointing a Woman Director.
- Fine relates to non-compliance for Q4 FY26.
- Company has since appointed the director and complied.
- Financial impact is limited to the fine amount.
Price Impact
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