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.

AK Capital Services Limited has received approval from the BSE Limited for the reclassification of certain promoter group shareholders to the public category. This move results in a reduction of 0.82% of the company's shareholding moving from the promoter group to the public category.

Reclassification Details

The reclassification involves three entities:

The approval was granted under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE Limited issued a no-objection letter confirming the reclassification.

Regulatory Compliance

AK Capital Services Limited has adhered to the necessary regulatory procedures for this reclassification:

1. The company submitted an application to BSE Limited for the reclassification of the aforementioned shareholders.
2. BSE Limited provided its no-objection through a letter.
3. The reclassification is in accordance with Regulation 31A of SEBI LODR Regulations.

Impact and Transparency

This reclassification represents a shift in the company's shareholding structure, with a small portion of shares moving from the promoter group to the public category. While the overall impact on the company's operations is likely minimal, it demonstrates AK Capital Services' commitment to maintaining transparency in its shareholding patterns and complying with regulatory requirements.

The company has stated that this information will be available on its official website at www.akgroup.co.in , ensuring easy access for shareholders and potential investors.

Additional Corporate Actions

In a separate announcement, AK Capital Services Limited also informed shareholders about the potential transfer of unclaimed equity shares to the Investor Education and Protection Fund (IEPF) Authority. The company has published newspaper advertisements regarding this matter.

Shareholders who have not claimed their dividends for seven consecutive years or more are advised to take necessary action to avoid the transfer of their shares to the IEPF Authority.

These corporate actions reflect AK Capital Services Limited's ongoing efforts to maintain good corporate governance practices and comply with regulatory requirements in the Indian financial markets.