Outcome of the Board Meeting held on Saturday, July 12, 2025.
AKCAPIT · price
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The Board of A. K. Capital Services approved the reclassification of three members from the 'Promoter Group' to the 'Public' category, collectively holding 53,999 shares (0.82% of shareholding). The members are Mr. Sanjiv Kumar (29,100 shares, 0.44%), Mrs. Kavita Garg (24,899 shares, 0.38%), and Sanjeev Kumar HUF (Nil shares). Mr. Sanjiv Kumar cited health issues and multiple angioplasty surgeries as his reason for stepping away from promoter duties. The reclassification is subject to BSE and SEBI approval under Regulation 31A of the Listing Regulations. Additionally, Mr. Tejas Dawda resigned as Company Secretary and Compliance Officer to pursue alternate career opportunities, effective July 12, 2025. Mr. Subodh More, a Commerce Graduate and law graduate with nearly 16 years of corporate compliance experience, was appointed as the new Company Secretary and Compliance Officer from the same date.
Minimal impact on shareholders as the reclassification involves only 0.82% of total shareholding, with members stating no control or influence over company decisions. The change in Company Secretary is a routine governance update with no material financial impact on the stock.