Meeting Details

  • Meeting Type: 33rd Annual General Meeting (AGM)
  • Date: Saturday, September 12, 2026
  • Time: 10:00 AM to 10:39 AM IST
  • Mode: Video Conference / Other Audio-Visual Means
  • Record Date: September 5, 2026
  • Total Shareholders on Record Date: 3,071
  • Attendance: 49 shareholders (4 Promoters/Promoter Group, 45 Public) attended through video conferencing

Scrutinizer Details

  • Name: Mr. Umashankar K. Hegde
  • Firm: Ragini Chokshi & Co, Company Secretaries
  • Qualification: Company Secretary
  • Membership No.: A22133
  • Appointment Date: August 12, 2026 (via Board resolution)
  • Report Issuance Date: September 15, 2026

Voting Process

  • E-voting facility provided by MUFG Intime India Private Limited (RTA)
  • Remote e-voting conducted prior to AGM
  • E-voting during AGM for members who had not voted remotely
  • Total shareholders voted: 75
  • Total shares voted: 55,02,112 (83.37% of outstanding shares)
  • No invalid votes recorded

Resolution Outcomes

All 16 resolutions were passed with requisite majority:

Resolution 1: Adoption of Financial Statements (Ordinary)

  • Receive, consider and adopt Audited Standalone and Consolidated Financial Statements for FY2025-26
  • Votes in favor: 55,02,112 shares (99.999%)
  • Votes against: 54 shares (0.001%)

Resolution 2: Confirmation of Interim Dividends (Ordinary)

  • Confirm 1st interim dividend of ₹16 per share and 2nd interim dividend of ₹22 per share
  • Total interim dividends: ₹38 per share (face value ₹10)
  • Votes in favor: 55,02,112 shares (99.999%)
  • Votes against: 54 shares (0.001%)

Resolution 3: Final Dividend Declaration (Ordinary)

  • Declare final dividend of ₹22 per equity share
  • Total dividends for FY2025-26: ₹60 per share (₹38 interim + ₹22 final)
  • Votes in favor: 55,02,112 shares (99.999%)
  • Votes against: 54 shares (0.001%)

Resolution 4: Re-appointment of Director (Ordinary)

  • Re-appoint Ms. Aditi Mittal (DIN: 00698397) who retires by rotation
  • Votes in favor: 7,34,386 shares (99.9926%)
  • Votes against: 54 shares (0.0074%)

Resolution 5-11: Material Related Party Transactions (Ordinary)

Approved transactions with seven group entities:

1. A. K. Capital Finance Limited - 7,34,386 shares in favor (99.9926%)

2. A. K. Services Private Limited - 7,33,336 shares in favor (99.9926%)

3. Family Home Finance Private Limited - 5,86,090 shares in favor (99.9908%)

4. A. K. Alternative Asset Managers Private Limited - 7,30,373 shares in favor (99.9926%)

5. India Bond Private Limited - 7,30,373 shares in favor (99.9926%)

6. IB Future Tech Private Limited - 7,30,373 shares in favor (99.9926%)

7. IndiaBonds Money Private Limited - 7,30,373 shares in favor (99.9926%)

All resolutions received 54 votes against (0.0074% except Family Home Finance at 0.0092%)

Resolution 12: Re-appointment of Independent Director (Special)

  • Re-appoint Mr. Vinod Kumar Kathuria (DIN: 06662559) for second term of 5 years
  • Votes in favor: 55,01,062 shares (99.999%)
  • Votes against: 54 shares (0.001%)

Resolution 13: Revision in Managing Director Remuneration (Special)

  • Revision in remuneration of Mr. A. K. Mittal (DIN: 00698377), Managing Director
  • Votes in favor: 7,30,373 shares (99.9926%)
  • Votes against: 54 shares (0.0074%)

Resolution 14: Commercial Paper Issuance (Special)

  • Issuance of Commercial Paper up to ₹500 crore outstanding at any time
  • Within overall borrowing limits
  • Votes in favor: 55,02,112 shares (99.999%)
  • Votes against: 54 shares (0.001%)

Resolution 15: Investments, Loans, Guarantees (Special)

  • Authority to make investments, give loans, provide guarantees and securities
  • Votes in favor: 55,01,062 shares (99.999%)
  • Votes against: 54 shares (0.001%)

Resolution 16: Preference Shares Issuance (Special)

  • Issuance of Non-Convertible Redeemable Preference Shares
  • Votes in favor: 55,02,112 shares (99.999%)
  • Votes against: 54 shares (0.001%)

Additional Information

  • Voting results available on company website: https://www.akgroup.co.in/
  • Electronic voting records to be preserved by Company Secretary Ms. Chaitali Desai
  • Total share capital: 66,00,000 shares
  • Promoter holding: 47,67,726 shares (72.24%)
  • Public institutions holding: 27,635 shares (0.42%)
  • Public non-institutions holding: 18,04,639 shares (27.34%)