Akg Exim Limited Board Approves Diversification into Media and Reviews Financials
Akg Exim Limited confirmed key corporate decisions, including the approval of financial results for the year ended March 31, 2026, and the proposal to diversify its business into the media and film industry.The Company’s Board of Directors, meeting on May 27, 2026, reviewed and approved the audited financial results (Standalone and Consolidated) for the quarter and year ending March 31, 2026. The Board also noted the inclusion of segment wise Revenue, Results, and capital employed in these findings, alongside the Independent Auditor's Report.
In terms of strategic growth, the Board approved a proposal to diversify the business activities. The new lines of activity approved include:
- Media business
- Purchase, sale, production and distribution of films & movies
These diversification plans are subject to obtaining necessary approvals, permissions, and sanctions from regulatory or statutory authorities, as well as member approval, in line with applicable law.
Corporate Restructuring and Governance Updates
The Board also addressed several updates concerning the Company’s structure and governance.The Directors confirmed that Mr. Kalapi Nagda, who was appointed as a Non-Executive Director (NonIndependent) with effect from May 14, 2026, will henceforth be considered part of the promoter and promoter group of the Company.
Regarding subsidiaries, the Board noted the transfer and sale of the entire shareholding held by the Company in M/s. BKS Metalics Pvt. Ltd., which resulted in the cessation of M/s. BKS Metalics Pvt. Ltd. as a Subsidiary during the Financial Year 2025-26.
Furthermore, the board approved the cancellation of shares held by ASRI Trade Pte. Ltd. under the Singapore Companies Act, 1967. This action will cause ASRI to cease being a subsidiary of Akg Exim Limited. The Company was authorized to inform relevant authorities about this development. The Board also took note that the Company has no association, business relationship, or connection with Apple Overseas Pte. Ltd., Singapore.
In addition to approving the corporate financials, the board appointed M/s. Sharma Sharma and Co, Chartered Accountants, as the Internal Auditor for the Financial Year 2026-27.
The profile details for the new internal auditor are as follows:
| Attribute | Details |
|---|---|
| Name | M/s Sharma Sharma & Co |
| Address | 211, Priyanka tower, Near Fun Cinema, Moti Nagar, Metro pillar No. 322, New Delhi - 110015 |
| COP No. | 088272 |
| Membership No. | 088272 |
| Period of Experience | Above 30 Years |
| Nature of Work | Direct and Indirect Taxation |
AKG Stock Price Movement
Today, Akg Exim Limited shares edged higher to close at ₹11.18, reflecting a modest gain relative to its prior closing price. The stock traded on a total volume of 5,663 shares, finishing closer to its daily high of ₹11.35.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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