Akme Fintrade (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on August 05, 2025.
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On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Akme Fintrade (India) Limited's board, 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, in one or more tranches. The NCDs will carry a coupon of 12% per annum, paid monthly, with a tenure of up to 24 months and principal repayment in 4 equal installments at the end of the 15th, 18th, 21st, and 24th months. The instruments will be secured with a 1.20x security cover over eligible loan receivables and proposed to be listed on NSE. Separately, the board appointed Mrs. Neelam Tater, a Chartered Accountant and Company Secretary, as an Additional Independent Director for a 5-year term subject to shareholder approval.
The 12% NCD issuance signals a high-cost borrowing for the NBFC, which will expand its debt-funded lending capacity but also raise interest expenses and refinancing risk. The high coupon may weigh slightly on equity sentiment, though appointment of an Independent Director with finance and audit expertise is a positive governance signal.