AKG Exim Board Approves Audited Results, Diversification into Media Business
AKG Exim's Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company will diversify into the media business. ASRI Trade Pte. Ltd. will cease to be a subsidiary due to share cancellation. M/s. Sharma Sharma and Co appointed as Internal Auditors for FY27.
The diversification into a new business sector and changes in subsidiary status are significant strategic moves that could impact the company's future performance and structure. The approval of financial results is a routine but important update.
The approval of audited financial results and the strategic decision to diversify into the media business are positive developments for the company. The confirmation of director appointments and clarification of subsidiary status also contribute to a positive outlook.
AKG Exim Limited announced the outcome of its Board Meeting held on May 27, 2026. The Board approved the Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2026, along with the Independent Auditor’s Report and a declaration of unmodified opinion. The appointment of Mr. Kalapi Nagda as Non-Executive Director (Non-Independent) effective May 14, 2026, was confirmed, identifying him as part of the promoter and promoter group.
Furthermore, the Board approved a proposal for business diversification into the media sector, including the purchase, sale, production, and distribution of films and movies, subject to necessary approvals. The Board also approved the cancellation of shares by ASRI Trade Pte. Ltd. under the Singapore Companies Act, 1967, which will result in ASRI ceasing to be a subsidiary. Additionally, the Board noted the transfer/sale of the Company's entire shareholding in M/s. BKS Metalics Pvt. Ltd. during FY 2025-26, leading to its cessation as a subsidiary. The Company also clarified it has no association with Apple Overseas Pte. Ltd., Singapore.
In other decisions, M/s. Sharma Sharma and Co, Chartered Accountants, were appointed as Internal Auditors for the Financial Year 2026-27. The Board meeting commenced at 04:00 p.m. and concluded at 05:30 p.m. The financial results are available on the NSE website and the company's website.
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Akg Exim Limited filed this with the NSE as a statutory disclosure, categorised under other results related. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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