Akme Fintrade (India) Limited has informed the exchange regarding allotment of 7,50,00,000 (Seven Crore Fifty Lakhs Only) "Fully Convertible Warrants" pursuant to Preferential Issue to ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Akme Fintrade (India) Limited has allotted 7.5 crore fully convertible warrants at Rs. 7 per warrant on preferential basis. The company received Rs. 13.13 crore as 25% upfront payment (Rs. 1.75 per warrant). Warrants can be converted into one equity share of Rs. 1 face value each within 18 months upon payment of remaining Rs. 5.25 per warrant. Allotment was approved by shareholders on March 20, 2026 and received in-principle approval from both BSE and NSE. Allottees include 4 non-promoter entities (4 crore warrants) and 3 promoter entities (1.6 crore warrants). Currently, there is no change in paid-up equity share capital since conversion has not yet occurred.
This is dilutive for existing shareholders as warrant conversion will increase share count. The company receives working capital now with balance payment due upon conversion. Promoter participation (21% of warrants) indicates insider confidence.