Company Overview

AKI India Limited (Scrip Code: AKI/542020) has submitted its Annual Report for FY 2025-26 and announced its 32nd Annual General Meeting to be held virtually on September 23, 2026. The company operates in the leather and leather goods sector with subsidiaries including AKI UK Limited (100% subsidiary) and AKI Castil Shoes LLP (10% ownership).

Financial Performance

For FY 2025-26, AKI India reported standalone revenue of ₹64.71 crore (down from ₹68.66 crore previous year) and net profit of ₹1.44 crore (₹1.63 crore previous year). Consolidated performance showed revenue of ₹107.33 crore and net profit of ₹1.93 crore. Key financial ratios include Current Ratio of 2.18, Debt-Equity Ratio of 0.29, and Return on Equity of 0.03. The company did not recommend any dividend for the financial year.

32nd AGM Agenda

The AGM agenda includes adoption of financial statements, re-appointment of director Mohammad Asjad, and appointment of four new directors: Abdul Rashid Khan, Sarika Agrawal, Veqarul Amin (as Independent Directors), and Naba Fatima (as Non-Independent Director). Shareholders will also vote on material related party transactions with subsidiary AKI UK Limited for an aggregate amount up to ₹30 crore covering sales, purchases, leasing, and services.

Corporate Governance and Board Changes

The company maintained compliance with SEBI Listing Regulations and Companies Act, 2013, with the Board meeting 12 times during the year. Significant board changes included the demise of Ms. Sameena Asad Iraqi (Whole-time Director) and resignations of three Independent Directors (Aslam Saeed, Javed Iqbal, and Raj Krishna Agarwal) in January 2026.

Accounting Policies Disclosure

The company disclosed comprehensive accounting policies in accordance with Ind AS standards. Key policies include:

  • Revenue Recognition: Revenue is recognized upon transfer of control - at delivery for domestic sales and on shipping bill issuance for exports
  • Borrowings: Initially recognized at fair value net of transaction costs and subsequently measured at amortized cost
  • Employee Benefits: Contributions to defined contribution schemes and actuarial valuation for defined benefit schemes
  • Taxes: Current tax determined using applicable rates, deferred tax recognized on temporary differences, MAT paid recognized as deferred tax asset
  • Provisions: Recognized when present obligation exists from past event with probable outflow and reliable estimate

Share Capital and Ownership

The company has authorized share capital of ₹25 crore and paid-up capital of ₹20.64 crore. During the year, the company allotted 1.47 crore equity shares pursuant to conversion of warrants at ₹18.71 per share. Promoters hold 53.92% of shares, with 100% of shares in dematerialized form.

Signatories and Compliance

The documents were signed by Managing Director Mohammad Ajwad, Director Mohammad Asjad, auditors R K Parmarthi & Co., CFO Prabodh Sharma, and Company Secretary Divya Srivastava. The company maintains proper corporate governance structures including Audit, Nomination & Remuneration, and Stakeholders Relationship committees.