AK Capital group settles SEBI charges, senior executive resigns

A. K. Capital Services Limited (AKCSL), along with its subsidiaries and other group entities, has settled with the Securities and Exchange Board of India (SEBI) regarding alleged violations tied to Dewan Housing Finance Limited's (DHFL) non-convertible debenture (NCD) issuance. The settlement, formalized by an order dated October 16, 2025, requires the AK Capital Group to pay an indicative amount, disgorgement, and simple interest. SEBI will not initiate further enforcement action for these violations, provided settlement conditions are met.

In a separate but concurrent development, Mr. Vikram Puri, head director-corporate relations and a senior management personnel of AKCSL, tendered his resignation effective October 17, 2025. This departure is attributed to personal and other professional commitments, with the company confirming no other material reasons.

AKCSL noted the SEBI settlement order on October 17, 2025, and states there is no expected material impact on its financial, operational, or other business activities. The company has also assured that all disclosures regarding Mr. Puri's resignation adhere to regulatory requirements.