AKI India Limited has disclosed a significant shareholding acquisition by Mohammad Ajwad, a member of the company's promoter group. The acquisition involves 30,00,000 equity shares obtained through warrant conversion on a preferential basis, completed on June 9, 2025.

Acquisition Details

The share acquisition was executed through the conversion of warrants into equity shares on a preferential allotment basis. Mohammad Ajwad's disclosure, submitted under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, provides comprehensive details of his shareholding position before and after the transaction.

Promoter Group Information

Mohammad Ajwad is identified as a member of the promoter group of AKI India Limited. The disclosure also lists other persons acting in concert with the acquirer, including Asad Kamal Iraqi, Samina Asad Iraqi, Mohammad Asjad, Tuba Fatima, and Naba Fatima.

Impact on Share Capital

The warrant conversion significantly impacted the company's equity structure. The total equity share capital increased substantially following the allotment:

Regulatory Compliance

The acquisition was disclosed to both BSE Limited and National Stock Exchange of India Limited, where AKI India Limited's shares are listed. The disclosure was made in accordance with SEBI regulations governing substantial acquisition of shares and takeovers. The company's script code is AKI with script ID 542020.

Transaction Specifics

The preferential allotment was completed on June 9, 2025, with the formal disclosure submitted on June 11, 2025. Mohammad Ajwad, based in Kanpur, Uttar Pradesh, acquired the shares through warrant conversion, representing a strategic increase in his stake in the company. The acquisition represents 2.91% of both the total share capital and diluted voting capital of the company post-transaction.

AKI India Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Kanpur-based leather and leather goods manufacturer's Board of Directors approved these results during their meeting held on February 12, 2026, at the company's registered office.

Standalone Financial Performance

The company's standalone operations showed a mixed performance during the third quarter of FY26. Key financial metrics demonstrate both challenges and resilience in the current market environment.

For the nine-month period ended December 31, 2025, standalone net sales reached ₹4303.87 lakhs compared to ₹5161.23 lakhs in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹86.01 lakhs versus ₹150.93 lakhs in the previous year.

Consolidated Financial Results

The consolidated financial performance presented a contrasting picture, showing improved metrics across key parameters for the quarter.

On a consolidated basis for nine months, net sales increased to ₹7074.88 lakhs from ₹5694.18 lakhs, while net profit rose to ₹210.00 lakhs compared to ₹154.42 lakhs in the previous year.

Operational Highlights

The company's cost structure showed notable variations during the quarter. Cost of material consumed in standalone operations was ₹1057.16 lakhs, while employee benefits expense stood at ₹84.13 lakhs. Finance costs were recorded at ₹49.07 lakhs for the quarter.

The company operates primarily in the leather and leather goods segment, with IND AS 108 relating to segment-wise reporting not being applicable as it operates in only one primary business segment.

Capital Structure and Governance

AKI India's paid-up equity share capital remained at ₹2064.12 lakhs with a face value of ₹2.00 per share. Other equity stood at ₹6609.28 lakhs on a standalone basis and ₹6657.53 lakhs on a consolidated basis as of December 31, 2025.

The financial results were reviewed by the audit committee and subsequently approved by the Board of Directors. R K Parmarthi & Co., Chartered Accountants, conducted a limited review of the financial results and provided their review report without any adverse observations.

Regulatory Compliance

The unaudited financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.