AKG EXIM LIMITED approved its audited financial results for the quarter and year ended March 31, 2026, following a board meeting on May 27, 2026. The board approved the standalone and consolidated results along with the Independent Auditor's Report. The meeting also addressed significant corporate restructuring, including diversification into new business lines and changes in subsidiary status.

The board approved a proposal to diversify the company's business activities into the media sector and the purchase, sale, production, and distribution of films and movies. This move is subject to obtaining necessary approvals from regulatory and statutory authorities, as well as the company's members.

In terms of corporate structure, the board approved the cancellation of shares held by ASRI Trade Pte. Ltd. under the Singapore Companies Act, 1967. Consequently, ASRI Trade Pte. Ltd. will cease to be a subsidiary of the company. Additionally, the board took note of the transfer or sale of the company's entire shareholding in M/s. BKS Metals Pvt. Ltd., resulting in its cessation as a subsidiary during FY 2025-26. The company clarified it has no association with Apple Overseas Pte. Ltd., Singapore.

The board confirmed the appointment of Mr. Kalapi Nagda as a Non-Executive Director (Non-Independent) effective May 14, 2026, noting he is now part of the promoter and promoter group. For the Financial Year 2026-27, the board appointed M/s. Sharma Sharma and Co, Chartered Accountants, as the internal auditor.

AKG Exim Limited disclosed its related party transactions for the period ended March 31, 2026, in a filing submitted to the National Stock Exchange of India. The submission, made pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines financial dealings with key managerial personnel (KMP) and associated entities on a consolidated basis. The company confirmed that these transactions were reviewed by internal auditors and were conducted in the ordinary course of business at arm's length.

The filing identifies several related parties, including the holding company, directors, and entities where KMP can exercise significant influence. Key individuals listed include Managing Director Mrs. Mahima Goel, Director Mr. Rajeev Goel, and Executive Director & Chief Financial Officer Mr. Rahul Bajaj. The entities identified include M/s ASRI Trade Pte. Ltd. and M/s MLH Ventures LLP.

Transactions during the period included the sale of goods to ASRI Trade Pte. Ltd. amounting to ₹3.55 lakh and purchases from the same entity totaling ₹108.65 lakh. Additionally, the company recorded a sale of fixed assets to MLH Ventures LLP for ₹160.53 lakh and rental income of ₹0.25 lakh from the same entity. Reimbursements of expenses were also recorded, with Mr. Rajeev Goel receiving ₹1.65 lakh for legal costs.

Remuneration and benefits paid to KMP were detailed in the disclosure. Short-term employee benefits included remuneration of ₹12.90 lakh to Mrs. Mahima Goel, ₹4.80 lakh to Mr. Rajeev Goel, ₹4.02 lakh to Mr. Rahul Bajaj, and ₹2.34 lakh to Mrs. Reeta. Other long-term benefits, specifically reimbursements of traveling and other expenses, amounted to ₹1.73 lakh for Mrs. Mahima Goel, ₹0.16 lakh for Mr. Rajeev Goel, and ₹3.26 lakh for Mr. Rahul Bajaj.

The statement also provided details of related party balances as of March 31, 2026. Sundry debtors included ASRI Trade Pte. Ltd. with an amount of ₹106.75 lakh, while sundry creditors stood at ₹31.70 lakh for the same entity. Other current liabilities, including equity contribution, were recorded at ₹37.19 lakh. The company noted that certain equity contributions were pending with the AD Bank for approval of UIN from the RBI under FEMA and ODI Regulations.

Related Party Transactions

KMP Remuneration