AFILNSEAkme Fintrade (India) LimitedMediumNeutral
Announced Wed, 6 May · 18:35 IST

Akme Fintrade (India) Limited has informed the Exchange regarding Appointment of Ms. Latika Jain as an Internal Auditor of the company w.e.f. May 06, 2026 for the Financial Year 2026-2027.

Promoter Family Board EntryManagement Changes View source PDF

AFIL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+2.7%1-day move
₹9.01
prior close
₹9.35
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-0.1-0.1-1.1+2.7+0.3+1.3+3.2+0.9-2.1+12.0+12.9+9.9
Up moveDown movePending
AI summary

Akme Fintrade's board meeting on May 6, 2026 approved two key appointments: Ms. Latika Jain as Internal Auditor (FY 2026-27) and Mr. Kamlesh Jain as Additional Executive Director. The company also reported strong FY2026 financials with net profit of ₹4,232.14 lakhs, up 27.4% from ₹3,323.19 lakhs in FY2025. Total income grew to ₹14,910.43 lakhs from ₹10,272.07 lakhs. The NBFC maintained healthy asset quality with Gross NPA at 1.41% and CRAR at 46.23%. The board declared an EPS of ₹0.99 for FY2026 versus ₹0.83 in FY2025. Related party disclosures show multiple family members of promoter Nirmal Kumar Jain (Managing Director) in executive and consultancy roles. No deviations in use of NCD proceeds were reported, with all debenture covenants compliant.

Likely market impact

The dual appointments strengthen the leadership team with qualified professionals. The strong 27% profit growth and maintained asset quality are positives for investors. However, the related party transactions showing multiple family members in key roles may raise governance concerns for some investors.