AK Capital Services has announced that it has received a request from Mrs. Anshu Aggarwal, a promoter of the company, to reclassify her shareholding status from the 'Promoter' category to the 'Public' category. This reclassification request comes under Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Request Details

According to the company's filing, Mrs. Aggarwal currently holds zero equity shares, representing a 0.00% shareholding in AK Capital Services. The request for reclassification was submitted to the company on October 1, 2025.

Next Steps

AK Capital Services has stated that it will take the following actions in response to this request:

1. Present the reclassification request to its Board of Directors for analysis and consideration.
2. Seek necessary approvals from regulatory authorities as required under the SEBI regulations.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 31A(8)(a) of the SEBI Listing Regulations. This regulation requires listed entities to disclose to the stock exchanges any requests received for reclassification of shareholding status within 24 hours of receipt of such request.

Impact on Shareholding Structure

If approved, this reclassification would result in Mrs. Anshu Aggarwal's status changing from 'Promoter' to 'Public' shareholder. However, given that she currently holds no shares in the company, this change would not affect the overall shareholding pattern of AK Capital Services.

The company's management, led by Company Secretary & Compliance Officer Subodh More, has assured that all necessary steps will be taken in compliance with the relevant regulations. Shareholders and investors are advised to monitor further announcements from the company regarding the progress of this reclassification request.

AK Capital Services has announced a crucial Board of Directors meeting scheduled for August 7, 2025. The meeting agenda includes several significant financial decisions and the approval of the company's quarterly results.

Quarterly Financial Results

The board will consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. These results will be accompanied by a Limited Review Report from the company's auditors.

Proposed Borrowing Powers

One of the key items on the agenda is a recommendation to shareholders to empower the Board of Directors or a designated committee to borrow money. The proposed borrowing limit is set at INR 3,000.00 crores, which exceeds the company's current paid-up share capital, free reserves, and securities premium.

Issuance of Financial Instruments

The board will discuss and potentially recommend several financial instruments for shareholder approval:

1. Commercial Paper: Issuance of up to INR 250.00 crores.
2. Non-Convertible Redeemable Preference Shares: Up to INR 100.00 crores.
3. Debt Instruments: Issuance of various debt securities up to INR 750.00 crores, either through private placement or public issue. These may include listed, rated, secured/unsecured non-convertible debentures, perpetual debt instruments, and market-linked debentures, among others.

Interim Dividend Consideration

The board will also consider declaring an interim dividend for the financial year 2025-26. If approved, they will set a record date for the dividend distribution.

Trading Window Closure

In compliance with the Securities and Exchange Board of India (SEBI) regulations on insider trading, the company has closed the trading window for designated persons and their immediate relatives. The closure period began on July 1, 2025, and will continue until two trading days after the announcement of the quarterly financial results.

This board meeting marks a significant event for AK Capital Services, potentially shaping its financial strategy and capital structure for the coming years. Investors and stakeholders will be keenly watching the outcomes of this meeting, particularly the quarterly results and any decisions on dividend distribution.