AK Capital Services approves issuance of ₹25 crore commercial papers
- AK Capital Services approved ₹25 crore commercial paper issuance
- 500 units with ₹5 lakh face value each to be allotted on October 15, 2026
- Instruments mature on February 18, 2027
- Listing proposed on BSE Limited
*this image is generated using AI for illustrative purposes only.
AK Capital Services Limited has approved the issuance of commercial papers aggregating to ₹25 crore. The Banking and Investment Committee sanctioned the move on October 14, 2026, with allotment scheduled for October 15, 2026.
The company plans to issue 500 units of these short-term debt instruments. Each unit carries a face value of ₹5 lakh. The total value of the proposed issuance stands at ₹25 crore.
Instrument details and timeline
The commercial papers are proposed to be listed on BSE Limited. The instruments will mature on February 18, 2027. This indicates a tenor of approximately four months from the date of allotment.
| Parameter | Details |
|---|---|
| Total Issuance Value | ₹25 crore |
| Number of Units | 500 |
| Face Value per Unit | ₹5 lakh |
| Allotment Date | October 15, 2026 |
| Maturity Date | February 18, 2027 |
| Listing Exchange | BSE Limited |
The approval was granted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The issuance remains subject to compliance with applicable laws and regulations issued by the Reserve Bank of India and SEBI.
Chaitali Desai, Company Secretary and Compliance Officer, confirmed the board's decision in a filing to the stock exchange. The company is based in Mumbai, Maharashtra.
Historical Stock Returns for AK Capital Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.72% | +2.53% | +2.58% | +13.12% | +13.12% | +13.12% |
What specific short-term working capital needs or debt refinancing objectives will the ₹25 crore proceeds address?
How does the implied yield on these commercial papers compare to current market rates for similar NBFC credit profiles?
What is AK Capital Services' current liquidity coverage ratio and how does this issuance impact its near-term repayment obligations?
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