Akme Fintrade (India) Limited inform to the exchange regarding the monitoring agency report for the quarter and year ended March 31, 2025
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Akme Fintrade (India) Limited, an NBFC, has submitted the Monitoring Agency Report from Acuité Ratings and Research for the quarter and year ended March 31, 2025. The report confirms there is no deviation or variation in the use of proceeds from its public issue held in June 2024. The company raised INR 132 crore through the IPO, entirely earmarked for augmenting its capital base. As per the statutory auditor's certificate dated April 24, 2025, the full INR 132 crore has been deployed, with no unutilized amount remaining. No government approvals, technical collaborations, or material deviations were involved.
This is a routine positive compliance disclosure. Full deployment of IPO proceeds strengthens the NBFC's lending capacity, which could support future loan growth and earnings. No governance red flags, and shareholders can take comfort that the company used the IPO money exactly as promised in the offer document.