Akme Fintrade (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on August 22, 2025.
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Akme Fintrade's board approved the allotment of 50,000 secured, listed, rated, redeemable Non-Convertible Debentures (NCDs) of ₹10,000 each on private placement basis, raising ₹50 crore in total. The NCDs carry a 12% per annum coupon rate, with monthly interest payments and principal repayment at maturity after 24 months (maturity on August 22, 2027). The issue is backed by a 1.20x security cover on the company's loan receivables and is proposed to be listed on NSE. The board also appointed M/s Pachori Rupesh & Associates as internal auditor for FY 2025-26.
The ₹50 crore NCD raise at a 12% coupon reflects a high cost of borrowing for the company, likely to fund lending operations. Existing shareholders may see some dilution of equity not applicable here, but the higher interest expense could pressure margins. The high yield signals the credit risk premium investors are demanding.