Announced Mon, 29 Jun · 17:54 IST
Board approves share allotments, new auditors, and higher borrowing powers
Management Changes View source PDF
AFIL · price
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Price reaction · full curve 14 horizons · vs prior close
+1.0%1-day move
₹10.38
prior close
₹10.36
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+0.4+0.4—+1.0-0.3-3.6-3.7-4.6-5.6-6.3———
Up moveDown movePending
AI summary
Akme Fintrade board allotted 1.30 crore shares via warrant conversion - 30 lakh to Pushpa Jain at Rs 11.10 and 1 crore to Stellant Securities at Rs 7, raising about Rs 7.75 crore. Internal auditor Latika Jain resigned citing other work; Ankita Jain takes over for FY27. Valawat replaced by Shyam S Gupta as statutory auditor for three years. Board also approved raising authorised capital to Rs 60 crore and borrowing limit to Rs 1,200 crore, pending shareholder approval.
Likely market impact
Share dilution of around 3 percent; auditor swaps are routine; higher debt limit signals growth plans, pending shareholder approval