Akme Fintrade (India) Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
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Awaiting price reaction for this filing.
Akme Fintrade, an NBFC focused on vehicle and business loans, announced its Q1 FY26 (ended June 30, 2025) unaudited results alongside other board decisions. Total income grew strongly to ₹31.92 crore from ₹21.33 crore in Q1 FY25, a jump of nearly 50% year-on-year, driven by higher interest income (₹30.61 crore vs ₹19.20 crore). Net profit rose about 12% to ₹9.61 crore (vs ₹8.61 crore), with basic EPS at ₹0.23. The board also approved the appointment of M/s. Ronak Jhuthawat & Co as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval. Additionally, the company cleared a plan to raise up to ₹30 crore via listed, secured, redeemable non-convertible debentures (NCDs) on a private placement basis, carrying a 12% coupon with a 24-month tenure and 1.10x security cover.
Strong topline growth signals healthy loan portfolio expansion, though profit growth lagged revenue, indicating margin pressure. The ₹30 crore NCD raise at a 12% coupon will increase debt servicing costs but supports business growth. Shareholders should watch for asset quality and the interest cost impact of the new borrowing.