Akme Fintrade (India) Limited has informed the Exchange regarding Change in Auditors of the company.
AFIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Akme Fintrade (a vehicle and business loan NBFC) reported strong Q1 FY26 results with total income rising nearly 50% to ₹3,192.15 lakhs from ₹2,132.93 lakhs in Q1 FY25. Profit before tax grew to ₹1,210.69 lakhs (vs ₹910.50 lakhs), while net profit increased to ₹961.36 lakhs from ₹861.05 lakhs, translating to an EPS of ₹0.23 (post the 1:10 stock split effected April 18, 2025). The board approved the appointment of M/s. Ronak Jhuthawat & Co as Secretarial Auditor for a five-year term (FY26–FY30), subject to shareholder approval. Separately, the board cleared a private placement of listed, secured, redeemable non-convertible debentures (NCDs) of up to ₹30 crores, in one or more tranches, carrying a 12% coupon, 24-month tenor, and 1.10x security cover, proposed to be listed on BSE.
Strong Q1 earnings with healthy revenue growth signal solid loan-book expansion, supporting the stock narrative. The ₹30 crore NCD raise at a 12% coupon will fund further lending growth but adds interest cost obligations; investors should watch for any further dilution of equity or rise in leverage. The secretarial auditor appointment is routine governance housekeeping and not a red flag.