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.

AKI India Limited announced a complete restructuring of its board of directors on January 9, 2026, with the appointment of three new independent directors and the acceptance of three resignations. The board meeting, held at the company's registered office in Kanpur, commenced at 4:00 PM and concluded at 6:20 PM.

New Board Appointments

The company appointed three new Additional Non-Executive and Independent Directors, each bringing distinct expertise to the board:

All three appointments are effective from January 9, 2026, and none of the new directors are related to existing board members.

Director Resignations

The board simultaneously accepted resignations from three independent directors, all citing personal reasons for their departure:

All resigning directors confirmed that there are no material reasons for their resignation beyond those stated in their resignation letters.

Committee Reconstitution

Following the board changes, AKI India reconstituted three key committees with the new directors assuming leadership roles:

Audit Committee

Stakeholders Relationship Committee

Nomination and Remuneration Committee

Regulatory Compliance

The appointments and resignations were made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The board restructuring represents a significant governance change for AKI India Limited, bringing fresh expertise in entrepreneurship, legal and financial matters, and specialized leather industry knowledge to guide the company's strategic direction.