Akme Fintrade (India) Limited has informed the Exchange regarding Appointment of Mrs Neelam Tater as Non- Executive Independent Director of the company w.e.f. August 05, 2025.
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Akme Fintrade's board approved raising up to ₹50 Crores through listed, rated, senior, secured, redeemable non-convertible debentures (NCDs) on a private placement basis, in one or more tranches. The NCDs carry a 12% annual coupon with monthly interest payments, a tenure of up to 24 months, and principal repayment in 4 equal installments at the end of months 15, 18, 21, and 24. The issue will be secured by loan receivables at a minimum 1.20x security cover and is proposed to be listed on NSE. Separately, the board appointed Mrs. Neelam Tater (DIN: 07653773), a 34-year-old Chartered Accountant and Company Secretary with experience in audit, risk management, and finance, as Additional Non-Executive Independent Director for 5 years (August 2025 to August 2030), subject to shareholder approval. She is not related to any existing director.
The ₹50 Crore NCD raise will boost the company's lending capital, though the 12% coupon is on the higher side and may weigh on borrowing margins. Adding a qualified, independent director with finance and risk expertise is a positive signal for board governance.