Intimation of receipt of No-objection for Reclassification Application of certain members of Promoters Group under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) ....
AKCAPIT · price
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Awaiting price reaction for this filing.
A.K. Capital Services has received approval from BSE to reclassify three members from the 'Promoter Group' category to the 'Public' category under SEBI's Listing Regulations. The affected members are Mr. Sanjiv Kumar (29,100 shares, 0.44%), Mrs. Kavita Garg (24,899 shares, 0.38%), and Sanjeev Kumar HUF (nil shares). Together, these members hold 53,999 shares, which represents just 0.82% of the company's total shareholding. The reclassification was originally applied for on July 16, 2025, and BSE granted its no-objection on July 31, 2025. No actual change in ownership is taking place; only the regulatory classification of these shareholders is being updated.
This is an administrative reclassification with no real change in ownership, so it should have minimal impact on the stock price or shareholder value. The promoter group is technically shrinking by 0.82%, but these shares remain with the same individuals, just re-categorised as public shareholders.