AKI India Limited has announced the demise of Mrs. Sameena Asad Iraqi, Whole Time Director and Promoter Group member, who passed away on December 30, 2025. The company informed stock exchanges about this development on January 1, 2026, in compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Position and Shareholding

Mrs. Sameena Asad Iraqi held significant positions within AKI India Limited's organizational structure. She served as a Whole Time Director with DIN 01668732 and was a member of the Promoter Group. Her shareholding details and tenure are presented below:

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about Mrs. Iraqi's demise. This intimation was made pursuant to Regulation 30 and 31A(6)(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Statement

AKI India Limited described Mrs. Sameena Asad Iraqi's passing as sudden and unexpected, stating it will be an irreparable loss to the company. The management, directors, and employees have conveyed their deep sympathy, sorrow, and condolences to her family during this difficult time.

Service Tenure

Mrs. Iraqi had been associated with AKI India Limited for over two decades, having been appointed as Whole Time Director on October 1, 2002. Her long tenure reflects her significant contribution to the company's operations and strategic direction over the years.

The notification was signed by Mohammad Ajwad, Managing Director (DIN: 07902475), and submitted to the stock exchanges for record-keeping purposes as required under SEBI regulations.

AKI India faces regulatory scrutiny as the Directorate General of Civil Aviation (DGCA) initiates enforcement proceedings against the airline for operating an aircraft with overdue emergency slide inspections. This safety breach was uncovered during a recent regulatory audit, prompting immediate action from the aviation watchdog.

Safety Breach and Immediate Response

The DGCA's audit revealed that AKI India had been operating an aircraft with emergency slides that had not undergone mandatory inspections as per safety regulations. Upon discovery, the aircraft was promptly grounded until the required rectifications could be completed. Emergency slides, being critical inflatable evacuation devices, are subject to strict inspection protocols to ensure passenger safety in the event of an emergency.

Broader Regulatory Concerns

This enforcement action is part of a series of regulatory issues facing AKI India:

• The DGCA has issued multiple show-cause notices to the airline.
• Areas of concern include crew rostering, fatigue management, and maintenance documentation.
• AKI India has been given a 14-15 day window to respond to these notices.

Industry Context

The heightened scrutiny comes in the wake of the tragic AKI India Flight AI 171 crash on June 12, which resulted in 260 fatalities. While not directly related to the emergency slide issue, this incident has likely intensified regulatory oversight across the aviation sector.

Implications for AKI India

This series of regulatory actions poses significant challenges for AKI India:

1. Operational Impact: The grounding of aircraft for rectifications could affect flight schedules and operations.
2. Compliance Overhaul: The airline may need to review and strengthen its safety compliance procedures across various departments.
3. Reputational Concerns: Multiple safety-related issues could impact public perception and passenger confidence in the airline.

As the situation unfolds, industry observers will be watching closely to see how AKI India addresses these regulatory challenges and reinforces its commitment to safety standards.