Corporate Governance12 Aug 2026, 05:00 pm
Akar Auto Industries Ltd Comments on Delay in Woman Director Appointment
AI Summary
Akar Auto Industries Ltd has provided a comment regarding a delay in the appointment of a Woman Director, citing the time required for candidate identification and selection. The company has since appointed the director, ensuring compliance with SEBI LODR Regulations. Akar Auto has also applied to the stock exchange for a waiver of any potential fine related to this delay. The Board has committed to taking necessary steps for timely regulatory compliance in the future.
Key Highlights
- Delay in Woman Director appointment due to candidate selection process.
- Company has since appointed director and ensured regulatory compliance.
- Application submitted to stock exchange for waiver of fine.
- Board committed to future timely regulatory compliance.
Price Impact
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