AKAR TOOLS LTD. - Appointment of Statutory Auditor/s

In terms of requirement of Regulation 30(4) read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that, at the 28th Annual General Meeting held on 22nd September, 2017, M/s Jaju and Kabra, Chartered Accountants, Aurangabad has been appointed as statutory auditors of the Company, in place of retiring auditors M/s A. K. Bagadia & Co., Chartered Accountants, to hold office from the conclusion of the 28th Annual General Meeting until the conclusion of the 33rd Annual General Meeting to be held in the year 2022.