AKI India has appointed four new directors to its Board and reconstituted its key committees, effective July 7, 2026. The appointments follow a board meeting held at the company's Registered Office in Kanpur, Uttar Pradesh. These changes are intended to strengthen the company's governance structure and bring in diverse expertise across law, finance, and leather technology. Concurrently, the Board accepted the resignation of Ms. Hardika Ladha from the post of Non-Executive and Independent Director, effective the same date.

The Board appointed Mrs. Sarika Agrawal, Mr. Abdul Rashid Khan, and Mr. Veqarul Amin as Additional Non-Executive and Independent Directors. Additionally, Ms. Naba Fatima was appointed as an Additional Non-Executive and Non-Independent Director. Ms. Fatima is the sister of Mr. Mohammad Ajwad, the Managing Director, and Mr. Mohammad Asjad, a Non-Executive Director. In her resignation letter, Ms. Ladha stated she was stepping down due to personal reasons and an inability to devote sufficient time to the company's affairs, confirming there were no other material reasons for her departure.

Committee Composition

The company reconstituted three board committees effective July 7, 2026. Mr. Abdul Rashid Khan has been appointed Chairperson of the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholder Relationship Committee. Mrs. Sarika Agrawal and Mr. Veqarul Amin have been inducted as members of the Audit and Nomination and Remuneration committees. Mr. Mohammad Ajwad serves as a member of the Stakeholder Relationship Committee.

The composition of the reconstituted committees is as follows:

New Director Profiles

The new appointees bring significant industry experience to the Board. Mr. Abdul Rashid Khan holds a Bachelor of Commerce and a Bachelor of Laws, with over 13 years of experience in law and finance. Mr. Veqarul Amin is a qualified Leather Technologist with over 35 years of experience in the leather industry. Mrs. Sarika Agrawal is an experienced entrepreneur with a Bachelor of Commerce degree, while Ms. Naba Fatima has expertise in business management and the leather goods sector.

AKI India Limited reported a net profit of ₹144.25 lakh for the financial year ended March 31, 2026, a decrease from ₹163.37 lakh in the previous year. The company's total income from operations for the year stood at ₹6919.01 lakh, down from ₹7507.34 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹58.24 lakh on a total income of ₹2281.37 lakh. The resubmission of the audit report was undertaken to comply with exchange instructions regarding the prescribed format under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, with no change in the financial results already submitted.

The board of directors approved the financial results at its meeting held on May 15, 2026. The statutory auditors, R K Parmar & Co., conducted an audit of the financial results for the quarter and year ended March 31, 2026, and issued an unmodified opinion. The auditors confirmed that the results give a true and fair view of the net profit and other financial information for the period in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's total expenses for FY26 amounted to ₹6704.46 lakh, compared to ₹7245.08 lakh in the previous year. Key expense components included the cost of material consumed at ₹4687.28 lakh and purchases of stock-in-trade at ₹1341.45 lakh. Finance costs for the year were ₹206.89 lakh, while depreciation and amortisation expenses stood at ₹178.25 lakh. The basic earnings per share (EPS) for FY26 was ₹0.14, down from ₹0.18 in the previous year.

Consolidated Results

On a consolidated basis, the company reported a net profit of ₹193.44 lakh for FY26, compared to ₹167.78 lakh in the previous year. Total income from operations for the group increased to ₹11831.02 lakh from ₹8748.57 lakh in FY25. The consolidated financial results include the figures of subsidiary AKI UK Limited and associate AKI Castil Shoes LLP. The auditors noted that the consolidated figures for the corresponding period have been approved by the holding company's board but have not been subjected to audit or review.

Balance Sheet and Cash Flows

As of March 31, 2026, the company's total assets stood at ₹13741.09 lakh, comprising non-current assets of ₹3548.68 lakh and current assets of ₹10192.41 lakh. Total equity and liabilities amounted to ₹13741.09 lakh, with total equity at ₹8626.98 lakh. The cash and cash equivalents balance decreased to ₹168.99 lakh from ₹236.30 lakh in the previous year. The net cash outflow from operating activities for the year was ₹2025.81 lakh, while financing activities resulted in a net cash inflow of ₹2281.20 lakh.