🔍

AKI India Limited (AKI)

📊 NSE: AKI 🏢 Leather / Leather Products 📅 Last Updated: 12/13/2025 18:06

📢 Recent Corporate Announcements

AKI India Clarifies on Price Movement: No Undisclosed Material Information

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Sep 2026, 11:35 AM

AKI India Limited has responded to a surveillance clarification sought by stock exchanges regarding significant movement in its scrip price. The company confirmed that it does not possess any undisclosed price-sensitive or material information driving the volatility. It stated that all required disclosures under SEBI LODR Regulations have been made in a timely manner and that price movements are purely market-driven. Consequently, there are no unannounced operational or corporate developments reported in this clarification.

Response submitted following Exchange letter reference L/SURV/ONL/PV/SG/2026-2027/338 dated September 4, 2026
Company confirmed zero undisclosed price-sensitive information as of September 7, 2026
Management attributed recent scrip volatility purely to natural and market-driven factors

💡 Monitor upcoming quarterly earnings and formal corporate filings for verified business updates rather than trading on speculative price swings.

AKI India Clarifies on Share Price Movement; Confirms No Undisclosed Material Information

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Sep 2026, 01:36 PM

AKI India Limited has responded to an exchange surveillance query dated September 4, 2026, regarding significant movement in its scrip price. The company confirmed that it has no undisclosed price-sensitive information or impending corporate announcements that could affect trading activity. It stated that all required disclosures under SEBI LODR Regulations have been made in a timely manner, and recent price volatility is purely market-driven. The scrip has gained 64.4% over the past 3 months against a market cap of ₹82 crore.

Responded to BSE/NSE surveillance letter dated 4th September, 2026 regarding share price movement
Confirmed zero undisclosed price-sensitive or material information pending announcement as of 7th September, 2026
Stated all disclosures under SEBI LODR Regulations are up to date and price volatility is purely natural/market-driven

💡 Track upcoming quarterly financial results and fundamental operational performance rather than short-term price movements.

AKI India Announces Book Closure from Sep 16 to Sep 23, 2026 for 32nd AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Sep 2026, 03:16 PM

AKI India Limited has announced the closure of its Register of Members and Share Transfer Books from September 16, 2026, to September 23, 2026 (both days inclusive) for its upcoming 32nd Annual General Meeting (AGM). The cut-off date to determine shareholders entitled to receive the AGM notice was August 28, 2026. The cut-off date for determining eligibility to participate in e-voting has been set for September 16, 2026.

Book closure scheduled from September 16, 2026, to September 23, 2026 (both days inclusive)
Purpose of book closure is for conducting the 32nd Annual General Meeting
Cut-off date for AGM notice dispatch set as August 28, 2026
Cut-off date for e-voting eligibility set as September 16, 2026

💡 Shareholders holding shares on the cut-off date of September 16, 2026, can participate in e-voting for the 32nd AGM resolutions.

AKI India Board Recommends Material Related Party Deals with AKI UK; AGM on Sep 23, 2026

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 01 Sep 2026, 07:36 PM

AKI India Limited announced that its Board of Directors met on September 1, 2026, and recommended material related party transactions with AKI UK Limited for shareholder approval. The company also approved the notice and Director's Report for its 32nd Annual General Meeting (AGM). The AGM is scheduled to be held on September 23, 2026, via Video Conferencing.

Recommended material related party transactions with AKI UK Limited for shareholder approval.
32nd Annual General Meeting convened for Wednesday, September 23, 2026, at 2:30 PM IST.
Board meeting conducted on September 1, 2026, from 5:00 PM to 6:00 PM.

💡 Review the forthcoming detailed AGM Notice to assess the exact financial limits and commercial terms of the transactions with AKI UK Limited.

AKI India Schedules 32nd AGM for Sept 23, 2026; Submits FY26 Annual Report

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Sep 2026, 07:34 PM

AKI India Limited has submitted its Annual Report for FY 2025-26 and issued notice for its 32nd Annual General Meeting (AGM) scheduled for September 23, 2026. Key agenda items include the adoption of FY26 standalone and consolidated financial statements and the re-appointment of director Mohammad Asjad. Shareholders will also vote on regularizing the appointments of Independent Directors Abdul Rashid Khan, Sarika Agrawal, and Veqarul Amin for a five-year term ending July 6, 2031.

32nd Annual General Meeting to be held on September 23, 2026, at 2:30 PM IST via video conferencing
Approval sought for adoption of FY26 standalone and consolidated audited financial statements
Regularization of Independent Directors Abdul Rashid Khan and Sarika Agrawal for 5-year terms from July 7, 2026, to July 6, 2031
Re-appointment of Mr. Mohammad Asjad as Director, who retires by rotation

💡 Track voting outcomes and resolutions passed at the AGM on September 23, 2026. No immediate operational or financial impact is expected from this statutory filing.

AKI India Schedules 32nd AGM for Sept 23, 2026; Recommends Material RPT with AKI UK

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 01 Sep 2026, 07:30 PM

AKI India Limited held a Board of Directors meeting on September 1, 2026, approving the notice for its 32nd Annual General Meeting (AGM) scheduled for September 23, 2026. The Board recommended material Related Party Transactions (RPT) with M/s. AKI UK Limited for shareholder approval at the AGM. Specific transaction limits and financial values for the RPT were not disclosed in the initial filing. The meeting concluded at 6:00 PM IST.

32nd Annual General Meeting scheduled for Wednesday, September 23, 2026, at 2:30 P.M. via Video Conferencing.
Recommended material Related Party Transactions with M/s. AKI UK Limited for shareholder approval.
Board meeting commenced at 5:00 P.M. and concluded at 6:00 P.M. on September 1, 2026.

💡 Track the upcoming AGM notice and annual report to review the specific transaction values and terms regarding business conducted with AKI UK Limited.

AKI India Q1 Consolidated Revenue Grows 64% YoY to ₹29.04 Cr

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 11 Aug 2026, 05:55 PM

AKI India reported a consolidated revenue of ₹29.04 Cr for Q1 FY27 (ending June 2026), marking a 64.4% increase from ₹17.66 Cr in the same quarter last year. Consolidated PAT rose 121% YoY to ₹0.51 Cr, up from ₹0.23 Cr, though it saw a sequential decline from ₹0.76 Cr in Q4 FY26. The company's UK subsidiary contributed GBP 256,868 to the top line, while its associate, AKI Castil Shoes LLP, generated revenue of ₹7.62 Cr. Despite the revenue jump, margins remain thin with total expenses accounting for 97.4% of total income.

Consolidated revenue increased 64.4% YoY to ₹29.04 Cr from ₹17.66 Cr.
Consolidated PAT grew to ₹0.51 Cr compared to ₹0.23 Cr in the year-ago period.
UK subsidiary AKI UK Limited reported a quarterly revenue of GBP 256,868.67.
Associate entity AKI Castil Shoes LLP contributed ₹7.62 Cr to the group's total revenue.
Consolidated EPS improved to ₹0.05 from ₹0.02 in the corresponding previous quarter.

💡 Monitor the company's ability to scale its UK operations and improve net profit margins, which remain low at approximately 1.7% on a consolidated basis. Watch for sequential stability in earnings as the current quarter saw a profit dip compared to Q4 FY26.

AKI India Q1 FY27: Consolidated Revenue Up 64% YoY to ₹29.04 Cr; PAT at ₹0.51 Cr

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 11 Aug 2026, 05:48 PM

AKI India reported a strong year-on-year growth in consolidated revenue for Q1 FY27, reaching ₹29.04 Cr compared to ₹17.66 Cr in Q1 FY26. Consolidated net profit more than doubled to ₹0.51 Cr from ₹0.23 Cr YoY, although it declined sequentially from ₹0.76 Cr in the March 2026 quarter. The company's UK subsidiary contributed GBP 256,868.67 to the top line, reflecting its international expansion strategy. Despite the revenue jump, net margins remain thin at approximately 1.75%, and the company saw a 20.6% sequential revenue decline compared to the previous quarter.

Consolidated revenue grew 64.4% YoY to ₹29.04 Cr from ₹17.66 Cr.
Consolidated net profit increased 121.7% YoY to ₹0.51 Cr.
UK subsidiary (AKI UK Limited) reported a quarterly revenue of GBP 256,868.67.
Associate entity AKI Castil Shoes LLP contributed ₹37.57 Lakhs to the group's net profit.
Total consolidated expenses rose to ₹30.05 Cr, driven largely by a 156% increase in purchase of stock-in-trade YoY.

💡 Monitor the company's ability to sustain the ₹100 Cr+ annual revenue run rate and whether it can translate scale into higher operating margins, which are currently under pressure from rising costs.

AKI India Submits Quarterly Share Dematerialization Certificate for June 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jul 2026, 06:18 PM

AKI India Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended June 30, 2026. The filing confirms that the Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, has processed, mutilated, and cancelled physical share certificates received for dematerialization. This is a standard administrative procedure to ensure the company's register of members is accurately updated with depositories. The announcement has no impact on the company's TTM revenue of Rs 107 Cr or its operational performance.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation provided by RTA MUFG Intime India Private Limited (formerly Link Intime)
Physical share certificates were mutilated and cancelled after due verification
Depositories' names substituted in the register of members within prescribed timelines

💡 This is a routine regulatory filing. Investors should monitor the company's upcoming quarterly results to see if the negative operating profit margin (-3.1%) improves.

Resignation of Independent Director Mr. Nandish Jani Effective July 7, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 08 Jul 2026, 08:04 PM

AKI India Limited has announced the resignation of Mr. Nandish Shaileshbhai Jani from his position as a Non-Executive Independent Director, effective July 7, 2026. The director cited personal reasons and an inability to devote sufficient time to the company's affairs as the primary reasons for his departure. The company, which reported a TTM revenue of ₹107 Cr and a TTM PAT of ₹3 Cr, confirmed there are no other material reasons for the resignation. This is a standard board-level change and the company will need to ensure continued compliance with SEBI board composition requirements.

Resignation of Mr. Nandish Shaileshbhai Jani (DIN: 09565657) effective from July 7, 2026
Director cited personal reasons for the inability to devote time to the company's affairs
Company TTM revenue stands at ₹107 Cr with a TTM PAT of ₹3 Cr
The resigning director continues to hold an Independent Directorship at Magenta Lifecare Limited

💡 Investors should monitor the company's upcoming filings for the appointment of a new Independent Director to ensure the board remains compliant with SEBI (LODR) regulations.

AKI India Appoints 4 New Directors and Reconstitutes Board Committees

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 07 Jul 2026, 08:02 PM

AKI India Limited has announced a significant board refresh effective July 7, 2026, appointing four new directors and accepting one resignation. The new appointments include three Independent Directors and one Non-Independent Director, Ms. Naba Fatima, who is the sister of the Managing Director. Notably, the board adds technical depth with Mr. Veqarul Amin, who possesses 35 years of leather industry experience. Consequently, the company has reconstituted its Audit, Nomination and Remuneration, and Stakeholder Relationship committees.

Appointment of 4 new directors including 3 Independent and 1 Non-Independent member
Addition of Mr. Veqarul Amin to the board, bringing 35+ years of leather technology expertise
Mr. Abdul Rashid Khan, with 13+ years in law and finance, appointed as Chairperson of Audit and NRC committees
Ms. Naba Fatima (sister of MD Mohammad Ajwad) joins as a Non-Independent Director
Resignation of Ms. Hardika Ladha from her Independent Director post effective July 7, 2026

💡 Investors should monitor whether the addition of technical and legal expertise to the board translates into improved operational oversight or faster execution of the company's international expansion strategy.

AKI India Appoints 4 New Directors and Reconstitutes Committees Following Resignation

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 07 Jul 2026, 08:02 PM

AKI India Limited has announced a significant board overhaul on July 7, 2026, appointing four new directors and reconstituting three key board committees. The appointments include three Independent Directors and one Non-Independent Director, Ms. Naba Fatima, who is the sister of the Managing Director. This follows the resignation of Ms. Hardika Ladha, an Independent Director, due to personal reasons. The new board members bring diverse expertise, notably Mr. Veqarul Amin, who has over 35 years of experience in leather technology, which is relevant given the company's TTM revenue of ₹107 Cr and focus on niche leather products.

4 new directors appointed to the board effective July 7, 2026
1 Independent Director, Ms. Hardika Ladha, resigned citing personal reasons
Mr. Veqarul Amin joins the board with 35+ years of technical experience in the leather industry
3 major committees (Audit, NRC, and Stakeholder Relationship) were reconstituted
Ms. Naba Fatima, sister of the Managing Director, appointed as a Non-Independent Director

💡 Watch for any shifts in operational strategy or improvements in the operating margin (currently -3.1%) following the addition of deep technical expertise to the board.

AKI India Appoints 4 New Directors and Reconstitutes Board Committees

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 07 Jul 2026, 07:58 PM

AKI India Limited has announced a significant board restructuring effective July 7, 2026, appointing three new Independent Directors and one Non-Independent Director. This follows the resignation of Independent Director Ms. Hardika Ladha due to personal reasons. The new appointments include individuals with legal, entrepreneurial, and technical backgrounds, notably Mr. Veqarul Amin who brings 35 years of leather industry experience. Consequently, the Audit, Nomination and Remuneration, and Stakeholder Relationship Committees have been reconstituted to reflect these changes.

Appointment of 3 new Independent Directors and 1 Non-Independent Director effective July 7, 2026
Addition of Mr. Veqarul Amin, a Leather Technologist with over 35 years of industry experience
Appointment of Ms. Naba Fatima, sister of the Managing Director, as a Non-Independent Director
Resignation of Ms. Hardika Ladha from the board with no other material reasons cited
Reconstitution of three mandatory board committees including the Audit Committee

💡 Investors should monitor if the infusion of technical expertise from the new board members translates into improved operational efficiency or better execution of the company's international expansion strategy.

AKI India Appoints 4 New Directors and Reconstitutes Key Board Committees

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 07 Jul 2026, 07:58 PM

AKI India Limited has announced a significant board restructuring effective July 7, 2026, appointing four new directors and accepting one resignation. The new appointments include three Independent Directors and one Non-Independent Director, Ms. Naba Fatima, who is related to the Managing Director. Notably, the company has added technical depth with the appointment of Mr. Veqarul Amin, a leather technologist with over 35 years of industry experience. This overhaul includes the full reconstitution of the Audit, Nomination and Remuneration, and Stakeholder Relationship committees.

Appointment of 4 new directors including 3 Independent and 1 Non-Independent member effective July 7, 2026
Mr. Veqarul Amin joins the board bringing 35+ years of technical expertise in leather manufacturing
Mr. Abdul Rashid Khan, with 13+ years in law and finance, appointed as Chairperson of Audit and NRC committees
Ms. Naba Fatima appointed as Non-Independent Director; she is the sister of the Managing Director and another Non-Executive Director
Resignation of Ms. Hardika Ladha from the post of Independent Director citing personal reasons

💡 Investors should monitor whether this board refresh, particularly the addition of technical industry expertise, leads to improvements in the company's operating margins, which stood at -3.1% for the TTM period.

AKI India Announces Trading Window Closure Starting July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Jun 2026, 05:01 PM

AKI India Limited has announced the closure of its trading window for all directors, promoters, and designated persons starting July 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, preceding the announcement of financial results. The window will remain closed until 48 hours after the publication of the unaudited financial results for the quarter ended June 30, 2026. This is a procedural filing and does not indicate any change in the company's fundamental business operations.

Trading window closure effective from July 1, 2026
Closure applies to all Directors, Promoters, and Designated Persons
Window to reopen 48 hours after the declaration of Q1 FY27 results
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 Investors should wait for the announcement of the board meeting date, which will determine when the Q1 FY27 financial results will be released.

View All AKI Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The Leather & Leather Goods segment accounts for 100% of revenue. Revenue grew from INR 21.49 Cr in Sep-19 to INR 60.94 Cr in FY22, representing a 183.5% increase over that period.

Geographic Revenue Split

Primary revenue is generated in India, with international contributions from the UK subsidiary, AKI UK Limited, which reported revenue of GBP 291,493.66 for H1 FY26.

Profitability Margins

Gross and operating margins remained stable during the period. Net profit improved despite inflationary pressures and currency fluctuations, supported by pricing strategies and volume growth.

Capital Expenditure

Not disclosed in available documents; however, the company saw an increase in capital of INR 13.39 Cr in H1 FY26.

Credit Rating & Borrowing

The company holds a credit rating of 'CRISIL B/Stable/CRISIL A4 Issuer Not Cooperating'. Long-term borrowings increased by INR 4.51 Cr (450.91 Lakhs) in H1 FY26, a 30.3% increase compared to the INR 3.46 Cr increase in the previous period.

⚙️ Operational Drivers

Raw Materials

Hides and skins (processed into finished leather and upholstery) are the primary raw materials.

Raw Material Costs

Input costs rose due to higher raw material expenses; however, efficient procurement and operational controls helped manage the overall impact on margins.

Logistics & Distribution

Rising logistics expenses are noted as a significant factor impacting the cost structure and distribution efficiency.

📈 Strategic Growth

Growth Strategy

The company aims to achieve growth by expanding into international markets through AKI UK Limited, focusing on footwear and equestrian products, and leveraging e-commerce and direct-to-consumer (D2C) channels.

Products & Services

Finished leather, upholstery, leather footwear, horse bridles, browbands, crown pieces, pony articles, and saddle girths.

Brand Portfolio

AKI India, AKI UK, AKI Castil.

New Products/Services

Expansion in footwear and international markets is expected to be a key revenue driver; specific contribution percentages are not disclosed.

Market Expansion

Targeting international markets via the UK subsidiary and expanding digital footprints through e-commerce channels.

Strategic Alliances

Joint Venture with AKI Castil Shoes LLP.

🌍 External Factors

Industry Trends

The leather industry is evolving through strategic collaborations, design innovation, and a shift toward e-commerce; AKI is positioning itself through international expansion and D2C channels.

Competitive Landscape

The company competes on parameters such as quality, design innovation, pricing, and delivery capabilities in the leather goods sector.

Competitive Moat

AKI's moat is built on its 40-year operational history (established 1983) and specialization in niche equestrian products, which require specific craftsmanship and design innovation.

Macro Economic Sensitivity

The business is sensitive to inflation (raw material and labor) and currency fluctuations, particularly the GBP/INR exchange rate.

Consumer Behavior

There is an increasing consumer preference for e-commerce and direct-to-consumer purchasing channels.

⚖️ Regulatory & Governance

Industry Regulations

The company operates in compliance with Ind AS and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015; leather processing is subject to environmental and pollution norms.