Approval of the Board for re-classification of certain shareholders forming part of the ''Promoter Group'' category to ''Public'' category.
AKCAPIT · price
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The Board of A. K. Capital Services Limited has approved the re-classification of three members from the 'Promoter Group' category to the 'Public' category under SEBI Regulation 31A. The shareholders are Mr. Sanjiv Kumar (29,100 shares, 0.44%), Mrs. Kavita Garg (24,899 shares, 0.38%), and Sanjeev Kumar HUF (Nil shares). Together they hold 53,999 shares representing just 0.82% of the company's shareholding. The Board noted these shareholders do not exercise control, have no board representation, no special rights, and are not wilful defaulters or fugitive economic offenders. Mr. Sanjiv Kumar cited health issues (multiple angioplasty surgeries) as his reason for seeking reclassification. The reclassification still requires no-objection from BSE before it becomes effective, and the company will apply to the stock exchange in due course.
This is a minor governance housekeeping matter involving only 0.82% of total shares moving from promoter group to public. It is unlikely to have any meaningful impact on the stock price or shareholder structure. The reclassification will only become effective after BSE's approval.