Akme Fintrade (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on May 21, 2026.
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The Board of Directors of Akme Fintrade (India) Limited has allotted 7.5 crore fully convertible warrants at Rs. 7 per warrant to 7 allottees. The company received Rs. 13.12 crore as 25% upfront payment (Rs. 1.75 per warrant). The remaining 75% (Rs. 5.25 per warrant) will be payable when warrant holders exercise their conversion option. Each warrant is convertible into one equity share of face value Rs. 1 within 18 months. Allottees include 2 promoter entities (Nirmal Kumar Jain and Akme Build Estate Limited) and 5 non-promoter entities. There is currently no change in paid-up equity share capital since only warrants were allotted.
This is a dilutive event — existing shareholders' stake will be diluted once warrants convert to equity shares within 18 months. The Rs. 13.12 crore inflow provides immediate capital, but future conversion will increase share count.