Akme Fintrade (India) Limited has informed regarding Disclosure of material issue
AFIL · price
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Akme Fintrade has clarified that Regulation 166A of SEBI (ICDR) Regulations, 2018 does not apply to their proposed preferential issue. The company explained that no allottee will hold 5% or more of post-issue diluted share capital, so a mandatory valuation report was not required. However, the company voluntarily obtained a valuation report from Mr. Shreyansh M Jain, a registered valuer, to ensure transparency. The issue price complies with applicable SEBI provisions under Chapter V. A PCS (Practicing Company Secretary) certificate link was also provided.
This is a compliance clarification confirming the preferential issue follows SEBI regulations despite not triggering stricter requirements. The voluntary valuation report may provide additional comfort to existing shareholders about fair pricing, though no specific issue size or pricing details were disclosed.