Board Meeting Details

The Meeting of the Board of Directors commenced at 5:55 p.m. and concluded at 6:35 p.m. on November 12, 2026.

Key Decisions and Approvals

1. Financial Results Approval

The Board approved the Un-audited Standalone and Consolidated financial results of the Company for the quarter and half year ended September 30, 2026, based on the recommendation of the Audit Committee.

M/s. PYS & Co. LLP, Chartered Accountants (Firm Registration No.: 012388S/S200048), the Statutory Auditors, issued a Limited Review Report with unmodified opinion on both the Un-audited Standalone and Consolidated Financial Results.

The Financial Results together with Limited Review Report were enclosed as 'Annexure - I' and were to be uploaded on the Company's website at www.akgroup.co.in. An extract and Quick Response ('QR') code of the Financial Results were to be published in newspapers in terms of Regulation 47 of the SEBI LODR Regulations.

2. Interim Dividend Declaration

The Board declared the second Interim Dividend for the financial year 2026-27 of INR 18/- per fully paid-up equity share (180%) on shares with face value of INR 10/- per equity share.

The Record Date was fixed as November 18, 2026, to determine eligible equity shareholders. The Interim Dividend shall be paid on or before December 11, 2026.

3. Regulatory Compliance Statement

The statement as per Regulation 52(7) and Regulation 52(7A) of SEBI LODR Regulations read with SEBI Master Circular no. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated July 11, 2025 for the quarter ended September 30, 2026, was enclosed as 'Annexure - II'.

Standalone Financial Results (Unaudited)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from Operations: ₹3,654.80 lakhs (vs ₹6,550.52 lakhs in Q2 FY26)
  • Sale of services: ₹1,313.32 lakhs (vs ₹4,902.33 lakhs)
  • Net gain/(loss) on fair value changes: ₹67.23 lakhs (vs ₹(792.75) lakhs)
  • Interest income: ₹705.47 lakhs (vs ₹1,426.87 lakhs)
  • Dividend income: ₹1,005.14 lakhs (vs ₹959.40 lakhs)
  • Rental income: ₹63.64 lakhs (vs ₹54.67 lakhs)
  • Other Income: ₹69.32 lakhs (vs ₹73.93 lakhs)
  • Total Income: ₹3,724.12 lakhs (vs ₹6,624.45 lakhs)
  • Total Expenses: ₹1,702.78 lakhs (vs ₹4,114.76 lakhs)
  • Finance costs: ₹708.86 lakhs (vs ₹1,235.29 lakhs)
  • Fees, commissions and other expenses: ₹28.95 lakhs (vs ₹1,047.06 lakhs)
  • Employee benefits expense: ₹631.99 lakhs (vs ₹855.80 lakhs)
  • Depreciation and amortization: ₹95.25 lakhs (vs ₹88.19 lakhs)
  • Other expenses: ₹237.73 lakhs (vs ₹438.42 lakhs)
  • Profit Before Tax: ₹2,021.34 lakhs (vs ₹2,509.69 lakhs)
  • Tax Expense: ₹241.51 lakhs (vs ₹515.82 lakhs)
  • Current tax: ₹78.10 lakhs (vs ₹717.00 lakhs)
  • Deferred tax charge/(credit): ₹163.41 lakhs (vs ₹(201.18) lakhs)
  • Profit for the Period: ₹1,779.83 lakhs (vs ₹1,993.87 lakhs)
  • Total Comprehensive Income: ₹1,767.76 lakhs (vs ₹1,978.94 lakhs)
  • Earnings Per Share (Basic and Diluted): ₹26.97 (vs ₹30.21)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹6,438.77 lakhs (vs ₹10,022.80 lakhs in H1 FY26)
  • Other Income: ₹184.53 lakhs (vs ₹149.02 lakhs)
  • Total Income: ₹6,623.30 lakhs (vs ₹10,171.82 lakhs)
  • Total Expenses: ₹3,633.32 lakhs (vs ₹6,629.89 lakhs)
  • Profit Before Tax: ₹2,989.98 lakhs (vs ₹3,541.93 lakhs)
  • Tax Expense: ₹408.72 lakhs (vs ₹764.26 lakhs)
  • Profit for the Period: ₹2,581.26 lakhs (vs ₹2,777.19 lakhs)
  • Total Comprehensive Income: ₹2,572.31 lakhs (vs ₹2,778.67 lakhs)
  • Earnings Per Share (Basic and Diluted): ₹39.11 (vs ₹42.08)

Standalone Assets and Liabilities (as at September 30, 2026)

  • Total Assets: ₹99,388.19 lakhs (vs ₹104,597.53 lakhs as at March 31, 2026)
  • Financial Assets: ₹94,323.88 lakhs
  • Cash and cash equivalents: ₹544.45 lakhs
  • Bank balances other than cash equivalents: ₹46.79 lakhs
  • Trade receivables: ₹175.70 lakhs
  • Investments: ₹54,246.00 lakhs
  • Other financial assets: ₹39,310.94 lakhs
  • Non-Financial Assets: ₹5,064.31 lakhs
  • Total Liabilities: ₹46,344.81 lakhs (vs ₹51,882.46 lakhs as at March 31, 2026)
  • Financial Liabilities: ₹45,427.67 lakhs
  • Trade payables: ₹84.30 lakhs
  • Debt securities: ₹11,585.97 lakhs
  • Borrowings (other than debt securities): ₹33,228.29 lakhs
  • Deposits: ₹81.64 lakhs
  • Other financial liabilities: ₹447.47 lakhs
  • Non-Financial Liabilities: ₹917.14 lakhs
  • Total Equity: ₹53,043.38 lakhs (vs ₹52,715.07 lakhs as at March 31, 2026)
  • Equity share capital: ₹660.00 lakhs
  • Other equity: ₹52,383.38 lakhs

Standalone Cash Flows (Half Year Ended September 30, 2026)

  • Cash from/(used in) Operating Activities: ₹(9,834.73) lakhs
  • Cash from/(used in) Investing Activities: ₹19,728.55 lakhs
  • Cash from/(used in) Financing Activities: ₹(9,562.93) lakhs
  • Net Increase in Cash and Cash Equivalents: ₹330.89 lakhs
  • Cash and Cash Equivalents at End of Period: ₹544.45 lakhs

Commercial Paper Outstanding

The Company had outstanding borrowings from commercial papers amounting to ₹118 Crores as at September 30, 2026, out of which ₹39 crores are listed on BSE Limited.

Consolidated Financial Results (Unaudited)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Total Income: ₹13,369.46 lakhs (vs ₹15,443.13 lakhs in Q2 FY26)
  • Total Expenses: ₹9,382.36 lakhs (vs ₹11,337.16 lakhs)
  • Profit Before Tax: ₹3,987.10 lakhs (vs ₹4,105.97 lakhs)
  • Tax Expense: ₹808.78 lakhs (vs ₹1,014.89 lakhs)
  • Profit for the Period: ₹3,178.32 lakhs (vs ₹3,091.08 lakhs)
  • Total Comprehensive Income: ₹3,134.32 lakhs (vs ₹3,057.44 lakhs)
  • Attributable to owners of the group: ₹3,015.02 lakhs (vs ₹2,979.72 lakhs)
  • Attributable to non-controlling interest: ₹119.30 lakhs (vs ₹77.72 lakhs)
  • Earnings Per Share (Basic and Diluted): ₹46.34 (vs ₹45.65)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Total Income: ₹27,388.68 lakhs (vs ₹28,898.88 lakhs in H1 FY26)
  • Total Expenses: ₹19,287.07 lakhs (vs ₹21,603.69 lakhs)
  • Profit Before Tax: ₹8,101.61 lakhs (vs ₹7,295.19 lakhs)
  • Tax Expense: ₹2,096.34 lakhs (vs ₹1,813.55 lakhs)
  • Profit for the Period: ₹6,005.27 lakhs (vs ₹5,481.64 lakhs)
  • Total Comprehensive Income: ₹5,976.28 lakhs (vs ₹5,465.28 lakhs)
  • Attributable to owners of the group: ₹5,749.55 lakhs (vs ₹5,306.83 lakhs)
  • Attributable to non-controlling interest: ₹226.73 lakhs (vs ₹158.45 lakhs)
  • Earnings Per Share (Basic and Diluted): ₹87.54 (vs ₹80.65)

Consolidated Assets and Liabilities (as at September 30, 2026)

  • Total Assets: ₹4,22,816.51 lakhs (vs ₹4,28,376.64 lakhs as at March 31, 2026)
  • Financial Assets: ₹4,13,258.01 lakhs
  • Cash and cash equivalents: ₹32,168.70 lakhs
  • Bank balances other than cash equivalents: ₹132.13 lakhs
  • Trade receivables: ₹519.21 lakhs
  • Loans: ₹98,456.92 lakhs
  • Investments: ₹1,27,687.00 lakhs
  • Other financial assets: ₹1,54,294.05 lakhs
  • Non-Financial Assets: ₹9,558.50 lakhs
  • Total Liabilities: ₹3,06,051.45 lakhs (vs ₹3,15,203.66 lakhs as at March 31, 2026)
  • Financial Liabilities: ₹3,04,036.12 lakhs
  • Trade payables: ₹404.16 lakhs
  • Debt securities: ₹1,12,240.81 lakhs
  • Borrowings (other than debt securities): ₹1,87,550.76 lakhs
  • Deposits: ₹81.64 lakhs
  • Other financial liabilities: ₹3,758.75 lakhs
  • Non-Financial Liabilities: ₹2,015.33 lakhs
  • Total Equity: ₹1,16,765.06 lakhs (vs ₹1,13,172.98 lakhs as at March 31, 2026)
  • Equity share capital: ₹660.00 lakhs
  • Other equity: ₹1,07,419.75 lakhs
  • Non-controlling interest: ₹8,685.31 lakhs

Consolidated Cash Flows (Half Year Ended September 30, 2026)

  • Cash from/(used in) Operating Activities: ₹(76,153.59) lakhs
  • Cash from/(used in) Investing Activities: ₹1,15,889.92 lakhs
  • Cash from/(used in) Financing Activities: ₹(13,739.76) lakhs
  • Net Increase in Cash and Cash Equivalents: ₹25,996.57 lakhs
  • Cash and Cash Equivalents at End of Period: ₹32,168.70 lakhs

Commercial Paper Utilization Statement

Table A: Utilization of Issue Proceeds

  • ISIN INE701G14445: ₹20 Crores raised on September 23, 2026, fully utilized, listed on BSE effective September 24, 2026
  • ISIN INE701G14346: ₹5 Crores raised on February 11, 2026, fully utilized, listed on BSE effective February 12, 2026, redeemed on August 20, 2026

Clarification: Commercial Papers were issued at a discount. Aggregate net proceeds realized amounted to ₹24,06,31,100/- (Indian Rupees Twenty-Four Crores Six Lakhs Thirty-One Thousand and One Hundred only), which were fully utilized.

Table B: Deviation/Variation Statement

  • No deviation or variation in use of funds raised
  • No approval required to vary objects of issue
  • Audit Committee reviewed and confirmed no deviation or variation at its meeting held on November 12, 2026
  • No comments from auditors

Dividend Cash Outflow

The interim dividend of ₹18 per equity share will result in total cash outflow of ₹1,188 Lakhs.

Business Segments

The Company/Group is engaged primarily in merchant banking, advisory services, financing and investment activities, stock broking, portfolio management services and fund management services. There are no separate reportable segments as per IND AS 108 - Operating Segments. The Company operates in a single geographical segment (domestic).