Intimation of Board of Directors Comment on the delay in appointment of Women Director on the Board

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, 12th August, 2026 Corporate Relations Department, Bombay Stock Exchange Limited, Phiroz Jeejeebhoy Tower, Dalal Street, Fort, MUMBAI — 400001 Ref: Email received from BSE having Ref. SOP-C Review dated 27.05.2026 Subject: Intimation of Board of Director’s comments on the delay in appointment of Women Director under Regulation 17(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the SEBI LODR Regulations”) Dear Sir/Madam, With reference to aforementioned email dated May 27, 2026 for delay in appointment of women director under Regulation 17(1) of SEBI LODR Regulations, we hereby submit the following: The delay in appointment of Woman Director occurred due to the time involved in identification and selection of a suitable candidate for the position. However, the Company has subsequently appointed the Woman Director and ensured compliance with the provisions of Regulation 17(1) of the SEBI (LODR) Regulations, 2015. The Board shall take necessary steps to ensure timely compliance with applicable regulatory requirements going forward. Further, the Company has submitted an application to the Stock Exchange seeking waiver of the fine, and the said application is currently under process with the Stock Exchange. We request you to take the above on your records. Thanking you, 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