Akme Fintrade (India) Limited has informed the exchange regarding Disclosure of Material issue.
AFIL · price
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Akme Fintrade has provided clarifications to its shareholders regarding the Extra-Ordinary General Meeting held on 20.03.2026. The company clarified that SEBI Regulation 166A (requiring independent valuation) does not apply to its preferential issue because no allottee will hold 5% or more of post-issue share capital. The company voluntarily obtained a valuation report from Mr. Shreyansh M Jain (Registered Valuer) under the Companies Act, 2013, and stated the issue price complies with Chapter V of SEBI ICDR Regulations. A link to the PCS Certificate was also provided for transparency.
The clarification confirms the preferential issue is proceeding with proper regulatory compliance, just without mandatory independent valuation since no major shareholder stake is involved. This is a routine regulatory update and unlikely to have immediate stock impact.