A. K. Capital Services Receives Reclassification Request from Promoter Group Member
AK Capital Services Limited has received a request from Mr. Abhinav Kumar Mittal, a member of its Promoter Group, to reclassify his shareholding status from 'Promoter Group' to 'Public' category. Mr. Mittal currently holds no equity shares in the company. The company will take necessary steps in compliance with SEBI regulations, including board review and seeking regulatory approvals.

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AK Capital Services Limited has received a request from a member of its Promoter Group to reclassify his shareholding status, according to a recent regulatory filing.
Reclassification Request Details
Mr. Abhinav Kumar Mittal, currently categorized under the 'Promoter Group', has submitted a formal request to the company seeking reclassification of his status from 'Promoter Group' to 'Public' category. This request falls under Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
Current Shareholding
It's noteworthy that Mr. Mittal presently holds no equity shares in AK Capital Services Limited, representing a 0.00% shareholding in the company.
Next Steps
In response to this request, AK Capital Services has outlined the following course of action:
- The company will take necessary steps in compliance with Regulation 31A of the SEBI Listing Regulations.
- The request will be placed before the Board of Directors for their analysis and views.
- The company will apply for required regulatory approvals, including no-objection certificates from relevant authorities.
Regulatory Compliance
The intimation of this request was made by AK Capital Services in adherence to Regulation 31A(8)(a) of the SEBI Listing Regulations. The company's Company Secretary and Compliance Officer, Mr. Subodh More, confirmed this development in a regulatory filing.
This move highlights the dynamic nature of shareholding structures in listed companies and the regulatory framework that governs such changes. Investors and market participants will likely keep a close watch on the outcome of this reclassification request and its potential implications for AK Capital Services' shareholding pattern.
Historical Stock Returns for AK Capital Services
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-3.50% | -1.61% | +2.89% | +14.39% | +1.19% | +325.87% |