Akme Fintrade (India) Limited has informed the Exchange regarding the Outcome of the Board meeting held on August 22, 2025.
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Akme Fintrade's board, at its meeting on August 22, 2025, approved the allotment of 50,000 secured, listed, rated, redeemable Non-Convertible Debentures (NCDs) of ₹10,000 each, aggregating to ₹50 crore, on a private placement basis to eligible investors. The NCDs carry a coupon rate of 12% per annum, with monthly interest payouts and principal repayment at maturity after 24 months (maturity on August 22, 2027). The instrument is backed by a 1.20x security cover on loan receivables and includes a 2% additional penalty interest in case of default or breach of covenants. The NCDs are proposed to be listed on NSE. Separately, the board appointed M/s. Pachori Rupesh & Associates, a Udaipur-based CA firm, as Internal Auditor for FY 2025-26.
The company is raising ₹50 crore of debt capital at a 12% interest rate, which is on the higher end and signals the cost of borrowing for this NBFC. For existing shareholders, this is a debt raise (not equity dilution), but the high coupon and 2-year short tenure with monthly payouts indicate the company's funding needs and refinancing risk if rates remain elevated.