Announced Mon, 29 Jun · 17:36 IST
Warrant conversions, auditor changes and higher borrowing cap approved
AFIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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 on June 29, 2026 approved converting warrants into 1.3 crore equity shares: 30 lakh to Pushpa Jugraj Jain at Rs 11.10 (Rs 2.50 Cr received) and 1 crore to Stellant Securities at Rs 7 (Rs 5.25 Cr received). Paid-up capital rises to Rs 43.67 Cr. New Internal Auditor Ankita Jain and Statutory Auditor Shyam S. Gupta & Associates (3 years) appointed. Authorised capital raised to Rs 60 Cr; borrowing limit hiked to Rs 1,200 Cr, subject to shareholder approval.
Likely market impact
Share count rises about 3% from warrant conversions; larger borrowing capacity signals expansion plans pending shareholder nod.