💡 Board approved INR 50 crore NCD issue via private placement to fund business operations.
What Happened
The Board of Directors of Akme Fintrade (India) Limited, at their meeting held on April 20, 2026, approved the allotment of 50,000 Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) of INR 10,000 each. This private placement totals INR 50 crore (Fifty Crores). The NCDs carry an 11.25% coupon rate with interest payable monthly and principal at maturity in April 2029, and are proposed to be listed on the NSE.
Key Details
- Company: Akme Fintrade (India) Limited
- Event Type: Fundraise
- Filing Date: 20-Apr-2026 11:59:00
- NSE Filing: View Document
Why It Matters
This capital raise through NCDs provides Akme Fintrade with INR 50 crore in fresh funds, which are typically used to finance lending operations, expand the loan book, or meet working capital requirements in the non-banking financial sector. A successful fundraise at a defined coupon rate indicates institutional investor appetite and strengthens the company's balance sheet for future growth. The board also noted a request for promoter re-classification, which is a separate procedural matter.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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