Warrant conversions, auditor changes and higher borrowing cap approved

Warrants ConvertedFund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+3.6%Reaction day

₹10.38

prior close

₹10.36

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+2.5% vs market

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+3.6+1.0+2.5

Next day

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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.