Board approves equity allotments, new auditors, and raises borrowing limit to Rs 1,200 crore
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Akme Fintrade board on June 29, 2026 approved: allotment of 30 lakh shares to Pushpa Jugraj Jain at Rs 11.10 and 1 crore shares to Stellant Securities at Rs 7 on warrant conversion, together worth about Rs 7.75 crore. Appointed Ankita Jain as Internal Auditor for FY 2026-27 and Shyam S. Gupta & Associates as new Statutory Auditors for 3 years, replacing Valawat & Associates. Also approved raising authorized capital from Rs 50 crore to Rs 60 crore and increasing borrowing limit to Rs 1,200 crore.
Modest equity dilution from warrant conversion. Sharp jump in borrowing limit signals aggressive growth plans. Auditor changes appear routine.