AK Capital Services Limited has successfully obtained regulatory approval from BSE Limited for the reclassification of a promoter group member to public category status. The development represents a significant corporate governance milestone for the Mumbai-based financial services company.

BSE Grants No-Objection for Reclassification

BSE Limited issued its no-objection letter numbered LIST/COMP/KR/694/2025-26 dated January 29, 2026, approving the reclassification request submitted by AK Capital Services Limited. The approval pertains to the reclassification of Mr. Abhinav Kumar Mittal from the Promoter Group category to the Public category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reclassification Details

The reclassification involves Mr. Abhinav Kumar Mittal, who previously belonged to the Promoter Group category. Following the BSE approval, his status has been officially changed to the Public category. Notably, Mr. Mittal held no shares in the company at the time of reclassification.

Regulatory Compliance Process

AK Capital Services Limited had maintained transparency throughout the reclassification process by submitting multiple intimations to the stock exchange. The company filed preliminary intimations on December 23, 2025, January 7, 2026, and January 9, 2026, before receiving the final approval. This systematic approach demonstrates the company's commitment to regulatory compliance and corporate governance standards.

The BSE approval letter, signed by Deputy Vice President Jayshree Soni and Deputy Manager Krishna Rathi from the Listing Compliance department, emphasizes the company's obligation to ensure compliance with subsequent relevant disclosures related to this reclassification.

Corporate Information

AK Capital Services Limited, incorporated under CIN L74899MH1993PLC274881, operates from its registered office at 603, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (East), Mumbai – 400 098. The company trades on BSE under scrip code 530499. Company Secretary and Compliance Officer Chaitali Desai (ACS No.: A28280) handled the regulatory filing process for this reclassification.

A.K. Capital Services Limited has formally notified BSE Limited regarding the change in its Company Secretary and Compliance Officer position, following the board meeting held on January 7, 2026. The company submitted comprehensive documentation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Secretary Transition Details

The board accepted the resignation of Mr. Subodh More (ICSI Membership No. A27577) from his position as Company Secretary and Compliance Officer, effective from the close of business hours on January 7, 2026. Mr. More submitted his resignation letter on December 30, 2025, citing pursuit of alternate career opportunities as the reason for his departure.

New Company Secretary Appointment

Based on the Nomination and Remuneration Committee's recommendation, the board appointed Ms. Chaitali Desai (ICSI Membership No. A28280) as Company Secretary and Compliance Officer with effect from January 7, 2026. Her appointment continues until resignation or retirement age as per the company's Human Resource Policy.

Professional Qualifications and Experience

Ms. Desai brings extensive expertise to her new role, with over 15 years of experience in corporate secretarial and regulatory compliance management for both listed and unlisted entities.

Updated Key Managerial Personnel List

The company has updated its Key Managerial Personnel list for determining materiality of events and stock exchange disclosures. The revised KMP structure reflects the leadership transition and ensures regulatory compliance continuity.

Regulatory Compliance and Documentation

The company has completed all necessary regulatory filings with BSE Limited under the prescribed timeline. The formal intimation includes detailed annexures covering resignation documentation, appointment details, and complete professional profiles as required under SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The board placed on record its appreciation for Mr. More's valuable contribution during his tenure with the company. Ms. Desai's appointment ensures continuity in corporate secretarial functions and regulatory compliance management. All supporting documentation has been submitted to BSE Limited and will be made available on the company's website as part of transparency and compliance requirements.