Akme Fintrade (India) Limited has informed the Exchange regarding Appointment of Mr Mr. Kamlesh Jain as an Additional Executive Director of the company w.e.f. May 06, 2026.
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The board appointed Mr. Kamlesh Jain as Additional Executive Director effective May 06, 2026. He has over a decade of experience at Akme Fintrade, currently leading the Commercial Vehicle lending division nationally. The company also appointed Ms. Latika Jain as Internal Auditor for FY 2026-27. Financial results for FY2026 show total income of Rs 74,810.43 Lakhs (up from Rs 10,272.07 Lakhs in FY2025), net profit of Rs 4,232.14 Lakhs (up from Rs 3,323.19 Lakhs), and EPS of Rs 0.99. Total assets grew to Rs 93,429.36 Lakhs from Rs 67,536.44 Lakhs. The company maintained an unmodified audit opinion with all debenture covenants complied.
The appointment of an internal candidate to the board maintains leadership continuity without immediate shareholder dilution impact. Strong financial performance with near-doubling of income reflects business growth, though the rapid expansion in loan portfolio warrants monitoring.