Extract of minutes of the Board Meeting of the Company considering request pertaining to re-classification of status from ''Promoter Group'' category to ''Public'' category.
AKCAPIT · price
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Awaiting price reaction for this filing.
The board of A. K. Capital Services approved a request from Mr. Abhinav Kumar Mittal to move from the 'Promoter Group' category to the 'Public' category, subject to BSE and SEBI approvals. Importantly, Mr. Mittal already holds 0 equity shares (0.00% shareholding) in the company. The move follows a family settlement among the promoter family members dated December 13, 2025, under which he has set up a separate business and disassociated himself from the A.K. Group. He has confirmed he does not hold any position (Director, KMP, or nominee) in the company or group firms, does not exercise control, and is not a wilful defaulter or fugitive economic offender. The company will now apply to the stock exchange for the formal reclassification.
Since Mr. Mittal already holds zero shares, there is no actual change in the promoter group shareholding or the public float — this is a formal status change only and is unlikely to have any material impact on the stock price or shareholder value.