AK Capital Services Ltd — Updates, 12-07-2025: Company Update

Date: July 12, 2025

To,

The Listing Compliance Department

BSE Limited

Phiroze Jeejeebhoy Towers

Dalal Street

Mumbai – 400 001

Scrip Code: BSE Code: 530499

Reference : Regulation 30 read with Regulation 31A of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015 (‘Listing Regulations’)

Dear Sir/Madam,

Subject : Intimation of extract of the minutes of the Board Meeting of A. K. Capital Services Limited

(“the Company”) considering request pertaining to re-classification of certain shareholders

forming part of the ‘Promoter Group’ category to the ‘Public’ category

This with reference to our intimation dated July 4, 2025, wherein it was informed that the Company had

received requests from the shareholders mentioned hereunder, forming part of the Promoter Group of the

Company, seeking re-classification from ‘Promoter Group’ category to ‘Public’ category along with

justification thereof and confirmation of facts in terms of Regulation 31A of the Listing Regulations.

Sr. No. Name Category No. of Shares % of Shareholding

1. Mr. Sanjiv Kumar Promoter Group 29,100 0.44

2. Mrs. Kavita Garg Promoter Group 24,899 0.38

3. Sanjeev Kumar HUF Promoter Group Nil 0.00

Total shareholding 53,999 0.82

The Board of Directors noted that the above shareholders, belonging to the category of “Promoter Group” of

the Company had each vide requests for reclassification dated July 4, 2025 under Regulation 31A of SEBI

Listing Regulations, requested the Company for re-classification to the “Public” category. The Company

intimated receipt of the said requests to BSE on July 4, 2025.

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The Board noted that, in their respective requests, the above mentioned shareholders have confirmed that:

a. They do not, together hold more than ten percent of the total voting rights in the listed entity;

b. They do not exercise control over the affairs of the listed entity directly or indirectly;

c. They do not have any special rights with respect to the listed entity through formal or informal

arrangements including through any shareholder agreements;

d. They do not represent on the board of directors (including as a Nominee Director) of the listed entity;

e. They are not a ‘wilful defaulter’ as per the Reserve Bank of India guidelines;

f. They are not a fugitive economic offender.

The Board also noted that the above mentioned shareholders have given an undertaking that they comply

with the conditions set out in Regulation 31A (3)(b) of the SEBI Listing Regulations. The Board was informed

that pursuant to the provisions of Regulation 31A (3) of the SEBI Listing Regulations, the said re-classification

shall require approval of the Board and no-objection from the stock exchange viz. BSE Limited.

On the basis of the above rationale and in accordance with the provisions of Regulation 31A of the SEBI

Listing Regulations, the Board was of the view that the Requests made by the above mentioned shareholders

for reclassification from the category of ‘Promoter Group’ to ‘Public’ category Shareholders, were in

compliance with Regulation 31A of SEBI LODR and hence the said requests were approved by the Board.

Further, in accordance with Regulation 31A(8) of the Listing Regulations, we are enclosing herewith the

certified true copy of the extracts of the minutes of the meeting of the Board of Directors held today i.e.,

Saturday, July 12, 2025 as Annexure A considering and approving the aforesaid requests of the above

mentioned shareholders.

The application to the Stock Exchange and other steps with respect to re-classification will be undertaken by

the Company in due course, in compliance with the Listing Regulations.

The Company will make the necessary disclosures on the material developments in this regard within the

prescribed timelines.

Requesting you to kindly take the above on record.

Thanking You,

Yours faithfully,

For A. K. Capital Services Limited

Atul Kumar Mittal

Managing Director

(DIN: 00698377)

Place: Mumbai

Encl.: as above

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Annexure A

CERTIFIED TRUE COPY OF THE EXTRACT OF THE MINUTES OF MEETING OF BOARD OF DIRECTORS OF

A. K. CAPITAL SERVICES LIMITED HELD ON SATURDAY, JULY 12, 2025 THROUGH VIDEO CONFERENCING ON

THE ZOOM PLATFORM (COMMENCED AT 12:35 P.M. AND CONCLUDED AT 1:05 P.M.)

TO CONSIDER AND APPROVE THE REQUESTS RECEIVED FOR RECLASSIFICATION FROM 'PROMOTER GROUP’

CATEGORY TO 'PUBLIC’ CATEGORY.

The Board members were informed that the Company had received requests dated July 4, 2025 from the

shareholders mentioned hereunder, forming part of the Promoter Group of the Company, seeking

reclassification from the ‘Promoter Group’ category to ‘Public’ category along with justification thereof. They

also confirmed to the Company the relevant facts and justifications are in terms of Regulation 31A of the SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’).

Sr.

No.

Name Category No. of Shares % of Shareholding

1. Mr. Sanjiv Kumar Promoter Group 29,100 0.44

2. Mrs. Kavita Garg Promoter Group 24,899 0.38

3. Sanjeev Kumar HUF Promoter Group Nil 0.00

Total shareholding 53,999 0.82

The Board members thereafter reviewed and took note of the request letter received from the above

mentioned shareholders.

It was further noted that the above mentioned shareholders are not, directly or indirectly, associated with

the business of the Company and do not have any influence over the business and policy decisions made by

the Company, or not involved in the day-to-day activities of the Company nor exercising any control over the

affairs of the Company. Further, they do not have any special rights in the Company through formal or

informal agreements including any shareholder agreement. The Board also noted that Mr. Sanjiv Kumar has

been suffering from health issues and have undergone multiple angioplasty surgeries, hence has requested to

be relieved from promoter’s duties and obligations to focus on his health.

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It was also noted that the above mentioned shareholders in their respective letters, have confirmed that they

satisfy all the conditions specified in sub-clause (i) to (vii) of clause (b) of sub-regulation (3) of Regulation 31A

of the Listing Regulations and have also confirmed that there is no pending regulatory action against them

and they shall continue to comply with the conditions mentioned in Regulation 31A of the Listing Regulations

post re-classification from ‘Promoter Group’ category to ‘Public’ category for the prescribed time period.

The Board was, inter-alia, briefed on the following steps to be followed in terms of the Listing Regulations on

receipt of the aforesaid requests:

1. the Board was required to consider and analyse the requests for reclassification and record its views;

2. information being material in nature, intimation to be made to the stock exchange at various stages;

a) on receipt of such request,

b) extract of the minutes of the Board Meeting considering such request along with views of the Board,

c) on submission of application for re-classification to the stock exchange, and

d) decision of the stock exchange thereto;

3. if approved by the Board, application to be made to the stock exchange by the Company in the

prescribed manner for reclassification;

The Board had analyzed the requests of the above mentioned shareholders in detail. On the basis of rationale

and justifications provided by the Mr. Sanjiv Kumar, Mrs. Kavita Garg and Sanjeev Kumar HUF are in

accordance with the provisions of Regulation 31A (3A) of the Listing Regulations and the Board was of the

view that above mentioned request for re-classification from "Promoter Group" category to "Public" category

is valid and be accepted and approved by the Board of Directors of the Company, and passed following

resolution unanimously: -

“RESOLVED THAT pursuant to the provisions of Regulation 31A of SEBI (Listing Obligations and Disclosure

Requirements), Regulations, 2015, and such other provisions of Companies Act, 2013 as may be applicable

and other applicable provisions, if any and upon receipt of no-objection from the Stock Exchange and/or

Securities and Exchange Board of India (“SEBI”) and such other authorities as may be required and pursuant

to other laws and regulations, as may be applicable from time to time (including any statutory modifications

or re-enactments thereof for the time being in force), approval of the Board be and is hereby accorded for

reclassification of the following members of the Promoter Group from the category of “Promoter Group” to

“Public” category shareholders of the Company:

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Sr. No. Name of Promoter Group No. of Equity Shares

holding in the Company

% of Shareholding

1. Mr. Sanjiv Kumar 29,100 0.44

2. Mrs. Kavita Garg 24,899 0.38

3. Sanjeev Kumar HUF Nil 0.00

Total shareholding 53,999 0.82

RESOLVED FURTHER THAT, the shareholding of the abovementioned members of the Promoter Group is very

minimal and they neither jointly/severally exercise any control over the affairs of the Company, directly or

indirectly nor act as a key managerial personnel in the Company and these members of the promoter group

do not have any representation on the Board of Directors of the Company (including not having a nominee

director) or any special rights with respect to the Company through formal or informal arrangements

including any shareholder agreements. Further, they are not a “willful defaulter” as per the Reserve Bank of

India Guidelines or a fugitive economic offender;

RESOLVED FURTHER THAT upon receipt of no-objection from the Stock Exchange on the application for re-

classification of the aforementioned applicants, the Company shall effect such re-classification in the

Statement of Shareholding pattern from immediate succeeding quarter under Regulation 31 of SEBI (Listing

Obligations & Disclosure Requirements) Regulations, 2015 and compliance to SEBI (Substantial Acquisition of

Shares and Takeovers) Regulations, 2011, Securities and Exchange Board of India (Prohibition of Insider

Trading) Regulations, 2015 and other applicable provisions shall also be adhered to;

RESOLVED FURTHER THAT any one of the Directors of the Company and/or Chief Financial Officer (CFO)

and/or Company Secretary of the Company be and are hereby jointly and/or severally authorized to perform

and execute all such acts, deeds, matters and things including but not limited to making intimation/filings to

stock exchange(s), seeking approvals from the Securities and Exchange Board of India, BSE Limited, if

necessary, and to execute all other documents required to be filed in the above connection and to settle all

such questions, difficulties or doubts whatsoever which may arise and amend such details and to represent

before such authorities as may be required and to take all such steps and decisions in this regard to give full

effect to the aforesaid resolutions.”

Certified true copy

For A. K. Capital Services Limited

Atul Kumar Mittal

Managing Director

(DIN: 00698377)

Place: Mumbai

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