Intimation is hereby given that the Banking & Investment Committee of the Company vide circular resolution passed on April 24, 2025 has allotted 200 units of Commercial Papers of INR 5,00,000/- ....
AKCAPIT · price
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A. K. Capital Services Limited has allotted 200 Commercial Paper units of INR 5 lakh each, totaling INR 10 Crores. The CPs carry a discount rate of 8.48% per annum and are set to be redeemed on March 6, 2026. The instrument has received the highest short-term credit rating of CARE A1+ from CARE Ratings and will be listed on BSE. This CP issuance is part of the company's INR 2,000 Crores borrowing limit approved by shareholders in 2018 and will be used for working capital needs. Federal Bank is acting as the Issuing and Paying Agent.
This is a routine short-term borrowing for working capital at a competitive rate, reflecting the company's strong credit quality (A1+ rating). No material impact on shareholders as it falls within already-approved borrowing limits.