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Akar Auto Industries Ltd. Company History and Annual Growth Details

The Company is at present manufacturing double open spanners, ring spanners and combination spanners made of chrome vanadium and carbon steel. The company plans to expand and produce pipe wrenches, cross wrim wrenches, pliers of different variety and screw drivers.

The company now proposes to double its installed capacity from 1200 MT t0 2400 MT. With this view in and it is proposed to install 4 more hammers alongwith down the line machinery. A fully automatic electroplating plant is also proposed. Also the company's tool room facilities are to be improved so as to be in tune with the requirements of the plant after expansion.

2005

-Akar Tools has recommended a dividend of Rs 1.20/- per share (i.e. @ 12%)

2007

-Akar Tools has designated E-mail ID for Investor Complaints: [email protected]

2012

-Akar Tools has recommended dividend @ 5%

2013
-Ms. Rajashree Vinayak Dubey has been appointed as Company Secretary & Compliance officer.
-The company appointed Mr. Bhagwan Dass Narang as a Director of the Company.

2014
-The company appointed Mr. S. N. Shukla as an Additional Director (Independent Director).
-The company recommended a dividend of 6% i.e. Rs. 0.60 per Equity Share.
-The company appointed Mr. V. K. Chopra as an Additional Director of the Company.

2015
-Achievement award
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