Consolidated Scrutinizer report on remote e-voting and e-voting of 32nd Annual General Meeting of the A. K. Capital Services Limited.
AKCAPIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
A. K. Capital Services held its 32nd Annual General Meeting on September 13, 2025, via video conferencing. All 13 resolutions were passed with overwhelming shareholder approval, with each receiving over 99.99% votes in favour. Key items included adoption of FY25 audited financial statements, confirmation of two interim dividends of INR 12 per share, and declaration of a final dividend of INR 14 per share (total INR 26 per share for FY25). Shareholders also approved the re-appointment of Mr. Vikas Jain (director retiring by rotation) and Mr. Rajiv Bakshi as Independent Director for a second five-year term starting August 5, 2026. The meeting also cleared an increase in the company's borrowing limit to INR 3,000 crore, permission to issue Commercial Paper up to INR 250 crore, Non-Convertible Redeemable Preference Shares up to INR 100 crore, and material related party transactions with three group entities. Total valid votes polled stood at 54,69,298 shares, representing about 82.87% of the 66 lakh outstanding equity shares, with promoters holding 46,63,793 shares.
The clean approval of all resolutions means shareholders have endorsed a higher debt ceiling and fresh fundraising avenues for the company, signalling management's intent to scale up. With combined FY25 dividends of INR 26 per share on a INR 10 face value stock, the payout remains attractive for income-focused investors.