Akme Fintrade (India) Limited has informed the Exchange regarding Outcome of Board meeting held on August 05, 2025.
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Akme Fintrade (India) Limited's board, at its meeting on August 5, 2025, approved the issuance of Listed, Rated, Senior, Secured, Redeemable Non-Convertible Debentures (NCDs) worth up to ₹50 crores on a private placement basis, to be listed on NSE. The NCDs carry a high coupon rate of 12% per annum, payable monthly, with a tenure of up to 24 months. Principal will be repaid in four equal instalments at the end of the 15th, 18th, 21st, and 24th months, with a 1.20x security cover over loan receivables. The board also appointed Mrs. Neelam Tater (Chartered Accountant and Company Secretary) as an Additional Independent Director for a 5-year term, subject to shareholder approval.
The ₹50 crore NCD raise at a steep 12% yield signals that the NBFC is raising relatively expensive debt, likely to fund lending operations, which could pressure net interest margins but is non-dilutive to equity. Shareholders should note the increase in leverage and the high cost of borrowing as a key risk factor.