Akme Fintrade (India) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Akme Fintrade (India) Limited has submitted to NSE and BSE a declaration under SEBI Takeover Regulations, filed by promoter Nirmal Kumar Jain on behalf of the entire promoter and promoter group. The declaration confirms that during the financial year ended 31st March 2025, the promoters did not create or invoke any encumbrance (pledge, lien, or charge) directly or indirectly on the equity shares of the company held by them. The filing includes an annexure listing all 24 members of the promoter group and persons acting in concert, including individuals, HUFs, and group entities like Akme Build Estate, Coronation Castles, and Akme Star Housing Finance.
This is a routine annual compliance filing and is neutral for shareholders. It simply confirms that promoters have not pledged or encumbered their shares during the year, which is mildly reassuring as it rules out any hidden funding stress or forced-sale risk from promoter holdings.