Key Details

  • The Board of Directors meeting was held on August 12, 2026 through video conferencing on Zoom platform from 6:15 PM to 7:10 PM.
  • The Board approved the re-classification of A. K. Capital Markets Limited from 'Promoter Group' category to 'Public' category.
  • Approval is subject to receipt of no-objection from BSE Limited and other necessary approvals/confirmations/consents as required under Regulation 31A of SEBI LODR Regulations.

Shareholding Details

  • A. K. Capital Markets Limited currently holds: Nil equity shares (0.00% shareholding)
  • The entity is currently classified as part of the Promoter Group

Basis for Re-classification Approval

The Board noted the following confirmations from A. K. Capital Markets Limited:

  • Does not hold more than 10% of total voting rights in the Company
  • Does not exercise control over the affairs of the Company, directly or indirectly
  • Does not have any special rights through formal or informal arrangements including shareholder agreements
  • Does not have representation on the Board of Directors (including no nominee director)
  • Does not have any representative acting as Key Managerial Personnel in the Company
  • Is not a 'wilful defaulter' as per RBI Guidelines
  • Is not a fugitive economic offender
  • Has no pending regulatory action against it
  • Has provided undertaking to continue complying with conditions under Regulation 31A(4) of SEBI LODR Regulations post-reclassification

Process Followed

  • Request received from A. K. Capital Markets Limited on August 11, 2026
  • Request informed to BSE Limited on August 11, 2026
  • Board considered the request and recorded its views as required under SEBI LODR Regulations

Next Steps

  • Company will make necessary application to the Stock Exchange (BSE Limited)
  • All requisite steps for re-classification will be undertaken in compliance with SEBI LODR Regulations
  • Company will make requisite disclosures of material developments within prescribed timelines
  • Re-classification will be reflected in the statement of Shareholding Pattern from immediate succeeding quarter or as prescribed under Regulation 31 of SEBI LODR Regulations

Authorization

  • Directors, Chief Financial Officer, or Company Secretary and Compliance Officer are authorized to perform all necessary acts, make filings to Stock Exchanges, seek approvals from BSE and SEBI, and execute all required documents
  • Certified copies of the resolution will be forwarded to relevant statutory and regulatory authorities as required

Financial Impact

No financial impact disclosed as the re-classification involves zero shareholding and does not change the capital structure or voting rights of the company.