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Latest news about AKI India

AKI India Limited: Mohammad Ajwad Acquires 30,00,000 Equity Shares Through Warrant Conversion Feb 23, 2026

Mohammad Ajwad, a promoter group member of AKI India Limited, acquired 30,00,000 equity shares through warrant conversion on June 9, 2025, increasing his shareholding to 2.91% of the company's voting capital. The preferential allotment expanded the company's equity share capital from 8,85,32,174 shares to 10,32,05,956 shares, with total share capital value rising from Rs. 17,70,64,348 to Rs. 20,64,11,912. The acquisition was disclosed under SEBI regulations to BSE and NSE where the company's shares are listed.

AKI India Limited Reports Q3FY26 Financial Results with Revenue Decline Feb 12, 2026

AKI India Limited Appoints Three New Independent Directors and Reconstitutes Board Committees Jan 09, 2026

AKI India Limited Announces Board Restructuring with New Independent Director Appointments Jan 09, 2026

AKI India Limited Restructures Board with New Independent Director Appointments Jan 09, 2026

More news about AKI India

09Jan 26

AKI India Limited Announces Board Restructuring with New Independent Director Appointments

AKI India Limited completed a significant board restructuring on January 9, 2026, appointing three new independent directors while accepting resignations from three existing members. The new appointees bring diverse expertise in business, law, finance, and leather technology, while all departing directors cited personal reasons for their resignations. The company has reconstituted its key board committees to maintain effective governance and regulatory compliance.

01Jan 26

AKI India Limited Announces Demise of Whole Time Director Mrs. Sameena Asad Iraqi

AKI India Limited announced the demise of Mrs. Sameena Asad Iraqi, Whole Time Director and Promoter Group member, who passed away on December 30, 2025. She held 57,69,782 equity shares (5.59% stake) and served as director since October 2002. The company informed stock exchanges in compliance with SEBI regulations, expressing condolences to her family.

28Jul 25

DGCA Takes Action Against Air India Over Safety Compliance Issues

The Directorate General of Civil Aviation (DGCA) has launched enforcement proceedings against AKI India for operating an aircraft with overdue emergency slide inspections. The safety breach was discovered during a regulatory audit, leading to the immediate grounding of the affected aircraft. This action is part of broader regulatory scrutiny facing AKI India, including multiple show-cause notices related to crew rostering, fatigue management, and maintenance documentation. The airline has been given 14-15 days to respond to these notices. This increased oversight follows the recent AKI India Flight AI 171 crash that resulted in 260 fatalities, although not directly related to the emergency slide issue.

28Jul 25

Air India Faces Pilot Shortage Amid Mental Health Concerns Following Fatal Crash

Following the Air India Flight 171 crash that killed 260 people, Air India is experiencing a significant increase in pilot absenteeism and growing concerns over crew mental health. Pilot sick leave spiked to 112 in a single day, more than double the usual average. Industry experts warn of a potential mental health crisis in aviation, highlighting inadequate support systems for flight crews. Air India has responded by introducing peer support programs and in-house psychological services. The incident emphasizes the need for improved mental health support in the aviation industry.

26Jul 25

Air India Releases Interim Compensation to 166 Families Affected by AI171 Crash

AKI India has provided interim compensation to families of 166 individuals affected by the AI171 crash. This includes 147 families of deceased passengers and 19 families of on-site fatalities. The airline has completed documentation verification for an additional 52 cases, with compensation to be released progressively. This action demonstrates AKI India's commitment to supporting those impacted by the incident.

24Jul 25

Air India Reports ₹10,859 Crore Loss Despite Becoming Tata Group's Fourth-Largest Revenue Contributor

AKI India, now under Tata Group ownership, reported a consolidated net loss of ₹10,859.00 crore for the fiscal year. Despite the loss, it became the fourth-largest revenue contributor to Tata Group, generating ₹78,636.00 crore in revenue. The loss is attributed to transformation-related expenses including structural costs, operational expenses, aircraft leases, training programs, integration systems, and technology upgrades. This financial report marks the first as a unified entity following mergers with Air India Express, AIX Connect, and Vistara.

24Jul 25

DGCA Issues Four Showcause Notices to Air India for Multiple Safety and Crew Violations

Air India has received four showcause notices from the Directorate General of Civil Aviation (DGCA) for 29 compliance violations. These include crew rest violations, training and procedure issues, lapsed competency cases, and insufficient crew on ultra-long-range routes. The DGCA has given Air India 15 days to respond to the notices dated July 23. Potential consequences include fines or removal of executives. Air India stated the notices relate to voluntary disclosures made over the past year and reaffirmed its commitment to safety.

22Jul 25

AKI India Limited Reports 11.4% Revenue Growth in FY 2024-25

AKI India Limited, a leather and leather goods manufacturer, announced financial results for FY 2024-25. Consolidated revenue increased by 11.4% to Rs. 8,096.18 lakhs. Profit before tax rose 42% to Rs. 266.68 lakhs, while net profit grew 22.7% to Rs. 167.78 lakhs. Export earnings reached Rs. 3,780.95 lakhs. The company maintained a strong balance sheet with total assets of Rs. 11,436.63 lakhs. The board recommended new appointments for Statutory and Secretarial Auditors, subject to shareholder approval. The 31st Annual General Meeting is scheduled for August 13, 2025.

22Jul 25

AKI India Reports Strong Financial Performance Amid Leather Industry Challenges

AKI India Limited, a leading leather manufacturer and exporter, has reported robust financial results for FY 2024-25. The company's consolidated revenue increased by 14.17% to Rs. 8,096.18 lakhs, while profit before tax rose by 42.03% to Rs. 266.68 lakhs. Net profit after tax grew by 22.73% to Rs. 167.78 lakhs. Operational highlights include expanded production capacity and improved inventory management. The company appointed new statutory and secretarial auditors for a five-year term. AKI India plans to focus on sustainable leather production and market expansion in the future.

22Jul 25

AKI India Limited Reports 10.7% Revenue Growth in FY 2024-25

AKI India Limited, a leather and leather goods manufacturer, announced financial results for FY 2024-25. Consolidated revenue grew 10.7% to Rs. 8,096.18 lakhs, while net profit rose 22.7% to Rs. 167.78 lakhs. EPS improved to Rs. 0.19. Export revenue reached Rs. 3,780.95 lakhs. The company maintained a healthy balance sheet with total assets of Rs. 11,436.63 lakhs and shareholders' equity of Rs. 6,513.69 lakhs. The Board recommended new appointments for Statutory and Secretarial Auditors. The 31st AGM is scheduled for August 13, 2025, to be held virtually.

22Jul 25

Air India and Air India Express Complete DGCA-Mandated Fuel Switch Inspections

Air India and Air India Express have completed precautionary inspections on the Fuel Control Switches (FCS) locking mechanism across their Boeing 787 and 737 fleets. The inspections, mandated by the DGCA following a June 12 incident, were concluded with no issues detected. Air India proactively began checks on July 12, two days before the official directive. Other Indian carriers operating Boeing 737s, including Akasa Air and SpiceJet, were also required to conduct similar inspections.

21Jul 25

Air India Faces Safety Scrutiny Amid Fatal Crash and Regulatory Actions

AKI India, India's national carrier, is under intense regulatory scrutiny following a fatal Boeing 787-8 crash and multiple safety violations. The airline received nine show cause notices for five safety violations in six months. The DGCA ordered inspections of AKI India's Boeing 787-8/9 fleet, with minor issues detected in 8 out of 31 operational aircraft. The DGCA has increased enforcement actions across the aviation industry, with 254 actions taken this year through April. Civil Aviation Minister K Rammohan Naidu reported no adverse reliability trends for the crashed aircraft in the six months prior to the incident.

21Jul 25

Aviation Minister Defends Air India Crash Probe Amid Media Speculation

Union Civil Aviation Minister Ram Mohan Naidu discussed the ongoing investigation into the AKI India Dreamliner crash in Ahmedabad. The Aircraft Accident Investigation Bureau (AAIB) is conducting a transparent probe, with black box data decoded in India for the first time. Preliminary findings confirm both fuel control switches moved to 'CUTOFF' position after takeoff, causing loss of engine thrust. The crash of Flight 171 resulted in 241 fatalities on board and 19 on the ground. Minister Naidu urged against speculation until the final report is complete, responding to media reports including a Wall Street Journal article suggesting the captain may have turned off fuel switches.

19Jul 25

US NTSB Backs India's Air India Flight 171 Crash Investigation, Urges Caution on Media Speculation

The US National Transportation Safety Board (NTSB) supports India's Aircraft Accident Investigation Bureau (AAIB) in the Air India Flight 171 crash investigation, criticizing premature media speculation. AAIB's preliminary report reveals both engines of the Boeing 787-8 Dreamliner shut down shortly after takeoff from Ahmedabad on June 12. AKI India has established a ₹500.00 crore charitable trust for victims. Authorities urge patience as the investigation continues.

24Jun 25

Air India Halts Flights to North America's East Coast and Europe

AKI India, India's flag carrier airline, has announced an immediate suspension of all flights to the East Coast of North America and Europe for an undetermined period. The airline has not specified the reason for this sudden decision. This suspension is expected to cause significant disruptions for travelers and may have economic consequences for the airline. Competitors might use this opportunity to capture market share on these routes. AKI India has not provided information on the suspension's duration, alternative arrangements for affected passengers, or plans to resume services.

02Jun 25

Air India Reviews Turkish Technic Partnership Amid Geopolitical Tensions

Air India, led by CEO Campbell Wilson, is reviewing its maintenance agreement with Turkish Technic due to geopolitical tensions between India and Pakistan, and Turkey's stance on the issue. The airline is exploring alternative maintenance and refurbishment service providers, balancing operational needs with public sentiment. This decision could significantly impact Air India's operations and set a precedent for how Indian companies approach international partnerships in sensitive geopolitical situations.