Notice of 37th Annual General Meeting of Akar Auto Industries Limited to be held on 29th September, 2026

AKAR AUTO INDUSTRIES LTD. IRQS Approved ISO/TS 16949:2009 E-5, M.I.D.C. Waluj, Aurangabad - 431 136 (M.S.) INDIA Phone : (0240) 6647200, Fax : 91-240-2554640, Web Site : www.akartoolsltd.com, IRQS E-Mail : factory@akartoolsltd.com, The Ultimate Grip CIN No.: L29220MH1989PLC052305 IAO - SMMT - 01006 To, 04th September, 2026 Corporate Relations Department, Bombay Stock Exchange Limited, Phiroz Jeejeebhoy Tower, Dalal Street, Fort, MUMBAI – 400001 Reference: Scrip Code: 530621. Scrip ID: AAIL Subject: Notice of 37th Annual General Meeting of the Company. Dear Sir / Madam, Notice is hereby given that the 37th Annual General Meeting of the Members of Akar Auto Industries Limited will be held on Tuesday, 29th September, 2026 at 11.30 a.m. through Video Conferencing (‘VC’) / Other Audio Visual Means (‘OAVM’) to transact the business as stated in the Notice calling the Meeting. The said notice has been sent to the members and has been submitted to the Stock Exchange, along with the Annual Report for the financial year 2025-26. Please take the same on records. Thanking You, Yours Truly, For Akar Auto Industries Limited Dipak Kala Company Secretary & Compliance Officer ACS:77623 Regd. Office : 304, Abhay Steel House, Baroda Street, Carnac Bunder, Mumbai - 400 009 (M.S.) INDIA. Phone : (022) 23484886, 23481083, 23481084, Fax: 91-22-23483887, E-Mail : akarmumbai@gmail.com NOTICE NOTICE is hereby given that the 37th Annual General 4. To re-appoint M/s. Singh Mundada & Associates, Meeting of the Members of Akar Auto Industries Chartered Accountants (Firm Registration No. Limited will be held on Tuesday, 29th day of 122059W) as Statutory Auditors of the Company September 2026 at 11.30 a.m. IST through video for Second term of Five (5) years and to fix their conferencing (‘VC’) / other audio-visual means (‘OAVM’) remuneration and, if thought fit, to pass with or to transact the following business. The venue of the without modifications, the following resolution as meeting shall be deemed to be the registered office of an Ordinary Resolution: the Company at 304, Abhay Steel House, Baroda Street, “RESOLVED THAT pursuant to the provisions Carnac Bunder, Mumbai – 400009, Maharashtra, India. of Section 139, 141, 142 and other applicable provisions, if any, of the Companies Act, 2013 ORDINARY BUSINESS: read with the Companies (Audit and Auditors) 1. To receive, consider and adopt the Audited Balance Rules, 2014, as may be applicable (including any Sheet and the Statement of Profit and Loss along amendment(s), modification(s), or variations(s) with Cash Flow Statement and Notes to Accounts thereto), approval of the members of the Company for the year ended 31st March, 2026 together with be and is hereby accorded for reappointment Board’s Report and Auditor’s Report thereon. of M/s Singh Mundada & Associates, Chartered Accountants (Firm Registration No. 122059W) as 2. To declare dividend for the Financial Year ended 31st Statutory Auditors of the Company to hold office for March, 2026. Second term of Five (5) years from the conclusion of 3. To appoint a director in place of Mr Narendrakumar 37th Annual General Meeting until the conclusion Gupta (holding DIN 00062268), who retires by of 42nd Annual General Meeting of the Company rotation and being eligible, offers himself for at such remuneration plus reimbursement of out re-appointment. of pocket expenses as may be incurred by them in connection with the audit of accounts between the Explanation: Based on the terms of appointment, Board of Directors of the Company and the said Non-Executive Directors (other than Independent Auditors, be and is hereby approved Directors) are subject to retirement by rotation. Mr Narendrakumar Gupta, Non-Executive Non- RESOLVED FURTHER THAT the Board be and is Independent Director, who has been on the Board hereby authorised to take such actions and to do of the Company since its inception and whose office such acts, deeds, matters and things as may be is liable to retire at this AGM, being eligible, seeks re- considered necessary, desirable and expedient for appointment. Based on the performance evaluation giving effects to this resolution.” and the recommendation of the Nomination and Remuneration Committee, the Board recommends SPECIAL BUSINESS: his re-appointment. 5. Ratification of remuneration to Cost Auditor Therefore, the shareholders are requested to for the financial year 2026-27. consider and if thought fit, to pass the following To consider and if thought fit, to pass with or resolution as an Ordinary Resolution: without modification(s), the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 152 and other applicable provisions of the “RESOLVED THAT pursuant to Section 148(3) and Companies Act, 2013, Mr Narendrakumar Gupta other applicable provisions, if any, of the Companies (DIN 00062268), who retires by rotation, be and Act, 2013 and the Rules made thereunder is hereby re-appointed as a Director retiring by (including any statutory modification(s) or re- rotation.” enactment(s) thereof for the time being in force), reenactment (s) thereof for the time being in force] the remuneration payable to M/s B. R. Chandak & and in consonance with the Policy on Related Party Company, Cost Accountants (Firm Registration No. Transactions of Akar Auto Industries Limited (‘the 021959), who have been appointed by the Board Company’), and based on prior approval of the of Directors as Cost Auditors to conduct the audit Audit Committee, consent of the Members of the of the cost records of the Company for the financial Company be and is hereby accorded to the Board of year ending 31st March, 2027 on a remuneration Directors of the Company (hereinafter referred to as of H55,000/- (Rupees Fifty-Five Thousand only) plus the ‘Board’, which term shall be deemed to include taxes as applicable, be and is hereby ratified. the Audit Committee or any other Committee constituted, empowered or to be constituted by RESOLVED FURTHER THAT the Board of Directors the Board from time to time to exercise its powers of the Company be and is hereby authorized to do conferred by this Resolution) for the Material Related all acts and take all such steps as may be considered Party Transaction(s), Contract(s), Arrangement(s), necessary, proper or expedient to give effect to this Agreement(s) entered proposed to be entered Resolution.” into (whether by way of an individual transaction 6. Approval for Material Related Party or transactions taken together or a series of Transactions with R L Steels & Energy Limited. transactions or otherwise), during the financial year 2027-2028, as mentioned in detail in the To consider and if thought fit, to pass with or Explanatory Statement annexed herewith, between without modification(s), the following resolution as the Company and R L Steels & Energy Limited, a an Ordinary Resolution: related party under Regulation 2(1)(zb) of the SEBI “RESOLVED THAT pursuant to the provisions of Listing Regulations, on such terms and conditions Regulation 2(1)(zc), 23, Schedule XII and any other as may be mutually agreed between the Company applicable Regulations, under the Securities and & R L Steels & Energy Limited, provided that Exchange Board of India (Listing Obligations and such transaction(s), contract(s), arrangement(s), Disclosure Requirements) Regulations, 2015 (‘SEBI agreement(s) is/are carried out at an arm’s length Listing Regulations’), as amended from time to time, pricing basis and in the ordinary course of business. read in conjunction with SEBI Master Circular No. “RESOLVED FURTHER THAT the Board be and SEBI/HO/CFD/PoD2/CIR/P/0155 dated November is hereby severally authorised to execute all such 11, 2024, SEBI Circular no. SEBI/HO/ CFD/CFD-PoD- agreements, documents, instruments and writings 2/P/CIR/2025/93 dated June 26, 2025 and SEBI as deemed necessary, with power to alter and Master Circular No. HO/49/14/14(7)2025- CFD- vary [Showing first 8,000 characters — download PDF for full document]