Annual Report of the Company for the financial year 2025-26 along with the Notice of the 33rd Annual General Meeting.

Date: August 20, 2026 The Listing Compliance Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400001 Reference : BSE Code 530499 Subject : Annual Report of the Company for the financial year 2025-26 along with the Notice of the 33rd Annual General Meeting Dear Madam/Sir, Pursuant to the provisions of Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of the Annual Report for the Financial Year 2025-26 along with Notice of the 33rd Annual General Meeting of A. K. Capital Services Limited (“the Company”) scheduled to be held on Saturday, September 12, 2026 at 10:00 a.m. (IST) through two- way Video Conferencing / Other Audio-Visual Means. The aforesaid Annual Report and Notice of AGM has also been uploaded on the website of the Company at http://www.akgroup.co.in/. This is for your information and records. Thanking you. Yours faithfully, For A. K. Capital Services Limited Chaitali Desai Company Secretary and Compliance Officer (ACS No: A28280) Place: Mumbai Encl.: As above A. K. CAPITAL SERVICES LIMITED B U I L D I N G B O N D S ANNUAL REPORT 2025-26 www.akgroup.co.in CONTENTS Corporate Information 01 A. K. CAPITAL SERVICES LIMITED Directors’ Report 02 Management Discussion and Analysis Report 26 Corporate Governance Report 32 STANDALONE FINANCIAL STATEMENT Independent Auditor’s Report 50 Financial Statements 58 CONSOLIDATED FINANCIAL STATEMENT Independent Auditor’s Report 98 Financial Statements 106 Annual Report 2025-2026 CORPORATE INFORMATION BOARD OF DIRECTORS Mr. Rajiv Bakshi Ms. Aditi Mittal Non-Executive Chairman, Independent Director Non-Executive Woman Director (DIN: 00264007) (DIN: 00698397) Mr. A. K. Mittal Mr. Ashish Agarwal Managing Director Whole-time Director (DIN: 00698377) (DIN: 08064196) Mr. Vinod Kumar Kathuria Mr. Vikas Jain Non-Executive, Independent Director Non-Executive Director (DIN: 06662559) (DIN: 07887754) Mr. Ashish Vyas Non-Executive, Independent Director (DIN: 10264901) CHIEF FINANCIAL OFFICER Mr. Mahesh Bhootra COMPANY SECRETARY Ms. Chaitali Desai CORPORATE IDENTIFICATION NUMBER (CIN): L74899MH1993PLC274881 REGISTERED AND CORPORATE OFFICE 603, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (East), Mumbai - 400098 Tel: +91-22-67546500 | Fax: +91-22-66100594 Website: www.akgroup.co.in REGISTRAR AND SHARE TRANSFER AGENT MUFG Intime India Private Limited (Formerly known “Link Intime India Private Limited”) C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400 083 Tel: +91-22- 49186000 | Fax: +91-22-49186060 | e-mail: rnt.helpdesk@in.mpms.mufg.com Website: https://in.mpms.mufg.com/ STATUTORY AUDITORS M/s. PYS & Co. LLP Chartered Accountants, [Firm Registration No: 012388S/S200048] BANKERS& FINANCIAL INSTITUTIONS Bank of India Bank of Maharashtra Punjab National Bank The Federal Bank Union Bank of India Indian Bank HDFC Bank IndusInd Bank Jio Credit Limited Directors’ Report | 01 A. K. Capital Services Limited DIRECTORS' REPORT The Members of A. K. Capital Services Limited (“the Company”) The Directors of your Company are pleased to present the 33rd Annual Report of the Company, together with the Annual Audited Standalone and Consolidated financial statements for the Financial Year ended March 31, 2026. 1. FINANCIAL HIGHLIGHTS: A summary of the financial performance of the Company, both on Standalone and Consolidated basis, for the Financial Year 2025-26 as compared to the previous Financial Year is given below: Standalone Financial Statements: (INR in Lakhs except earnings per share) Particulars FY 2025-26 FY 2024-25 Total income 18,822.68 12,724.99 Total expenses 11,511.41 8,898.25 Profit before tax 7,311.27 3,826.74 Tax expenses: Current tax 1,324.00 505.00 Tax adjustment for earlier years (4.68) 2.99 Deferred tax charge (166.97) 33.54 Profit after tax (A) 6,158.92 3,285.21 Other comprehensive Income, net of tax Item that will not to be reclassified to the statement of profit and loss 13.59 1.30 Less: Income tax expense on above (3.42) (0.32) Other comprehensive Income for the year (B) 10.17 0.98 Total comprehensive Income for the year [A+B] 6,169.09 3,286.19 Earnings per equity share (face value INR 10/- per share) 93.32 49.78 Basic and Diluted (INR) Opening balance of other comprehensive income (649.66) (650.64) Add: Other comprehensive income for the year 10.17 0.98 Closing balance of other comprehensive income (639.49) (649.66) Opening balance of retained earnings brought forward from previous year 40,891.75 39,718.54 Add: Profit for the year 6,158.92 3,285.21 Profit available for appropriation 47,050.67 43,003.75 Less: Appropriations Dividend paid* (3,432.00) (2,112.00) Closing balance of retained earnings 43,618.67 40,891.75 Note: Previous periods figures have been regrouped / rearranged wherever necessary. *During the Financial Year 2025-26, the Board of Directors of the Company had paid a final dividend of INR 14/- per equity share (pertaining to Financial Year ended March 31, 2025) having face value of INR 10/- each. The same was approved by the Members of the Company in their 32nd Annual General Meeting held on September 13, 2025. The total cash outflow was of INR 924.00 Lakhs. During the Financial Year 2025-26, the Board of Directors of the Company had paid 1st and 2nd interim dividend of INR 16/- and INR 22/- respectively, per equity share, each, having face value of INR 10/- each for the year ended March 31, 2026, at its Board meetings held on November 7, 2025 and February 7, 2026, respectively. The total cash outflow was of INR 2,508.00 Lakhs. 02 | Directors’ Report Annual Report 2025-2026 Consolidated Financial Statements: (INR in Lakhs except earnings per share) Particulars FY 2025-26 FY 2024-25 Total income 57,301.58 48,410.09 Total expenses 41,972.65 37,432.32 Profit before tax 15,328.93 10,977.77 Tax expenses Current tax 4,393.74 2,129.37 Tax adjustment for earlier years (23.25) 4.11 Deferred tax charge (446.04) 131.41 Profit after tax (A) 11,404.48 8,712.88 Other comprehensive income, net of tax Item that will not to be reclassified to the statement of profit and loss (6.98) (48.31) Less: Income tax expense on above (3.63) 6.31 Other comprehensive Income for the year (B) (10.61) (42.00) Total comprehensive income for the year [A+B] 11,393.87 8,670.88 Profit for the year attributable to: 11,404.48 8,712.88 Owners of the Company 11,035.19 8,472.95 Non-controlling interest 369.29 239.93 Other comprehensive income attributable to: (10.61) (42.00) Owners of the Company (10.49) (41.81) Non-controlling interest (0.12) (0.19) Earnings per equity share (face value INR 10/- per share) Basic and Diluted (INR) 167.20 128.38 Opening balance of Other comprehensive income (2,418.44) (2,439.63) Less: Change in non-controlling interest - 63.00 Add: Other comprehensive income for the year (10.49) (41.81) Closing balance of other comprehensive income (2,428.93) (2,418.44) Opening balance of retained earnings brought forward from previous year: 78,599.22 75,067.66 Add: Profit for the year 11,035.19 8,472.95 Profit available for appropriation 89,634.41 83,540.61 Less: Appropriations Dividend paid (3,432.00) (2,112.05) Change in non-controlling interest - (1,266.66) Dividend on CCPS - (227.57) Transfer to special reserve (1,488.00) (1,335.11) Closing balance of retained earnings 84,714.41 78,599.22 Note: Previous periods figures have been regrouped / rearranged wherever necessary. 2. NATURE OF BUSINESS, STATE OF AFFAIRS AND FINANCIAL PERFORMANCE OF THE COMPANY: A. K. Capital Services Limited is a Flagship Company of the A. K. Group, and is registered with SEBI as a Category I Merchant Banker. The Company continues to hold a valid certificate of registration as a Category I Merchant Banker and has, during the year under review, maintained the net worth and other requirements prescribed under the SEBI (Merchant Bankers) Regulations, 1992, as amended, and has complied with the applicable regulatory provisions [Showing first 8,000 characters — download PDF for full document]