Akme Fintrade (India) Limited has informed the Exchange regarding Appointment of Mr. Rupesh Pachori, Chartered Accountant as an Internal Auditor of the company for the Financial Year 2025-2026.
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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. The NCDs carry a 12% annual coupon with monthly interest payments, have a 24-month tenure maturing on August 22, 2027, and will be listed on NSE. The issue is backed by a minimum 1.20x security cover on eligible loan receivables, with a 2% additional interest penalty in case of payment default or breach of covenants. Separately, the board appointed M/s. Pachori Rupesh & Associates, a Udaipur-based Chartered Accountancy firm led by CA Rupesh Pachori, as the internal auditor for FY 2025-26.
The ₹50 crore NCD raise at 12% interest expands the company's borrowings, which may modestly pressure margins given the relatively high coupon, but supports business growth in lending operations. The internal auditor appointment is routine and should not materially impact the stock.