NewsCorporate ActionsA.K. Capital Services Secures BSE Approval for Promoter Group ReclassificationA.K. Capital Services Secures BSE Approval for Promoter Group Reclassification
AK Capital Services Limited has obtained approval from BSE Limited to reclassify certain promoter group shareholders to the public category. This reclassification involves a 0.82% reduction in promoter group shareholding, with 53,999 shares moving to the public category. The reclassification includes shares held by Mr. Sanjiv Kumar (0.44%), Mrs. Kavita Garg (0.38%), and Sanjeev Kumar HUF (Nil). The approval was granted under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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AK Capital Services Limited has received approval from the BSE Limited for the reclassification of certain promoter group shareholders to the public category. This move results in a reduction of 0.82% of the company's shareholding moving from the promoter group to the public category.
Reclassification Details
The reclassification involves three entities:
| Entity | Shares Held | Percentage |
|---|---|---|
| Mr. Sanjiv Kumar | 29,100 | 0.44% |
| Mrs. Kavita Garg | 24,899 | 0.38% |
| Sanjeev Kumar HUF | Nil | - |
| Total | 53,999 | 0.82% |
The approval was granted under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE Limited issued a no-objection letter confirming the reclassification.
Regulatory Compliance
AK Capital Services Limited has adhered to the necessary regulatory procedures for this reclassification:
- The company submitted an application to BSE Limited for the reclassification of the aforementioned shareholders.
- BSE Limited provided its no-objection through a letter.
- The reclassification is in accordance with Regulation 31A of SEBI LODR Regulations.
Impact and Transparency
This reclassification represents a shift in the company's shareholding structure, with a small portion of shares moving from the promoter group to the public category. While the overall impact on the company's operations is likely minimal, it demonstrates AK Capital Services' commitment to maintaining transparency in its shareholding patterns and complying with regulatory requirements.
The company has stated that this information will be available on its official website at www.akgroup.co.in , ensuring easy access for shareholders and potential investors.
Additional Corporate Actions
In a separate announcement, AK Capital Services Limited also informed shareholders about the potential transfer of unclaimed equity shares to the Investor Education and Protection Fund (IEPF) Authority. The company has published newspaper advertisements regarding this matter.
Shareholders who have not claimed their dividends for seven consecutive years or more are advised to take necessary action to avoid the transfer of their shares to the IEPF Authority.
These corporate actions reflect AK Capital Services Limited's ongoing efforts to maintain good corporate governance practices and comply with regulatory requirements in the Indian financial markets.
Historical Stock Returns for AK Capital Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.65% | +1.95% | +2.76% | +8.67% | +4.15% | +318.78% |
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