Akme Fintrade (India) Limited has informed the Exchange regarding Change in Director(s) of the company.
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Awaiting price reaction for this filing.
Akme Fintrade's board, at its meeting on August 5, 2025, approved two key items. First, the company will issue Listed, Rated, Senior, Secured, Redeemable Non-Convertible Debentures (NCDs) up to ₹50 Crores on a private placement basis, in one or more tranches, to be listed on NSE. The NCDs carry a 12% annual coupon paid monthly, with principal repayable in 4 equal instalments at the end of the 15th, 18th, 21st, and 24th months, backed by a 1.20x security cover on loan receivables. Second, Mrs. Neelam Tater (DIN: 07653773), a 34-year-old Chartered Accountant and Company Secretary with experience in audit, risk management, and financial advisory, has been appointed as Additional Director (Non-Executive, Independent) for a 5-year term, subject to shareholder approval.
The ₹50 Crore NCD raise will strengthen the company's lending capital, though the 12% coupon is relatively high and a 2% default penalty signals some credit risk. The addition of a qualified Independent Director strengthens board governance, which is positive for minority shareholders.