A. K. Capital Services Limited announced that at its board meeting held on November 11, 2022, approved the formation of step down subsidiary of the Company who shall act as an Investment Manager to SEBI registered Alternative Investment Fund, specific details as required to be submitted pursuant to Regulation 30 the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 shall be submitted once the step down subsidiary is incorporated.