A.K. Capital Services: Two Promoters Withdraw Reclassification Applications

AK Capital Services has announced that two of its promoters have withdrawn their applications for reclassification from the promoter category to the public category. This development comes as part of the ongoing process under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Announcement

Mrs. Anshu Aggarwal, a promoter, and Mr. Abhinav Kumar Mittal, a member of the promoter group, have decided to withdraw their reclassification applications.
Both individuals will continue to remain part of the promoter and promoter group of the company.
The withdrawal requests were communicated to the company through letters dated November 17, 2023.

Reclassification Status

The company has provided an update on the reclassification applications:

Applicant	Category	Shares Held	% Holding	Status
Mrs. Anshu Aggarwal	Promoter	0	0.00%	Withdrawn
Mr. Abhinav Kumar Mittal	Promoter Group	0	0.00%	Withdrawn
Mr. Dinesh Kumar Gupta	Promoter Group	7,500	0.11%	Proceeding

Implications and Next Steps

The reclassification applications of Mrs. Anshu Aggarwal and Mr. Abhinav Kumar Mittal will not be processed further.
The company has requested that only Mr. Dinesh Kumar Gupta's application for reclassification, involving 7,500 shares (0.11% of the company), be considered and processed.
This development maintains the current structure of the promoter and promoter group, with only a minor potential change pending.

The company has duly informed the stock exchange about this update in compliance with the relevant SEBI regulations. Investors and market participants are advised to take note of this corporate action, as it affects the ownership structure and classification of key stakeholders in AK Capital Services.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.92%	-6.57%	+20.33%	+34.25%	+17.96%	+423.78%

AK Capital Services Limited has applied for the reclassification of certain shareholders from the Promoter/Promoter Group category to the Public category. The company has submitted an application to BSE Limited seeking approval for this reclassification under Regulation 31A of SEBI Listing Regulations.

Reclassification Details

The reclassification request involves the following shareholders:

Shareholder Name	Current Category	Shares Held	Stake (%)
Mrs. Anshu Aggarwal	Promoter	0	0.00
Mr. Abhinav Kumar Mittal	Promoter Group	0	0.00
Mr. Dinesh Kumar Gupta	Promoter Group	7,500	0.11
Total		7,500	0.11

Regulatory Compliance

AK Capital Services Limited has followed the necessary regulatory procedures by submitting the application to BSE Limited. This move is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Impact on Shareholding Structure

If approved, this reclassification will result in a shift of 7,500 shares, representing 0.11% of the company's total shareholding, from the Promoter/Promoter Group category to the Public category. This change could potentially impact the company's shareholding structure and public float.

Next Steps

The company is now awaiting a response from BSE Limited regarding their application. Shareholders and investors should note that this reclassification is subject to regulatory approval and may have implications for the company's ownership structure.

AK Capital Services Limited has stated that they will keep the market informed of any further developments in this matter, in line with their obligations under the SEBI Listing Regulations.