List of Key Managerial Personnel to determine materiality of an event or information and to make disclosures to the Stock Exchanges.
AKCAPIT · price
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AK Capital Services has informed BSE that the Board, at its meeting on May 23, 2025, approved the re-designation of Mr. Vikas Jain from Whole-time Director (Executive) to Non-Executive Director, effective the same day. Following this change, the company has revised its list of Key Managerial Personnel (KMPs) authorised to determine materiality of events and make stock exchange disclosures, as required under Regulation 30(5) of SEBI's Listing Regulations. The updated KMP list comprises four members: Managing Director A. K. Mittal, Whole-time Director Ashish Agarwal, CFO Mahesh Bhootra, and Company Secretary & Compliance Officer Tejas Dawda. Mr. Vikas Jain is no longer part of the KMP list for materiality determination.
This is a routine compliance filing with a minor board-level role change. Mr. Vikas Jain moves from an executive to a non-executive role, which slightly reduces the executive responsibilities on the board but has limited material impact on shareholders or the stock. No financial or strategic change is indicated.