Akme Fintrade (India) Limited has submitted an application to BSE Limited and National Stock Exchange of India Limited on April 22, 2026, seeking approval for the reclassification of Star Housing Finance Limited from the Promoter Group category to the Public category. This submission is in accordance with Regulation 31A (8) (c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Background and Context

The company has been maintaining regular communication with the stock exchanges regarding this matter. Prior intimations were submitted on April 9, 2026, and April 20, 2026, keeping the exchanges informed about the impending reclassification process. The latest application represents the formal submission seeking necessary approvals from both BSE and NSE.

Reclassification Details

The reclassification involves the following shareholder:

Regulatory Compliance

The intimation has been made as a material event disclosure under Regulation 31A (8) (c) of the SEBI (LODR) Regulations, 2015. The company has requested both exchanges to take the information on record. The complete details are also available on the company's official website at www.akmefintrade.com .

The application was digitally signed by Manoj Kumar Choubisa, Company Secretary and Compliance Officer of Akme Fintrade (India) Limited, on April 22, 2026. The company's head office is located in Udaipur, Rajasthan, while its corporate office operates from Mumbai, Maharashtra.

AKME Fintrade (India) Limited has successfully completed the allotment of secured non-convertible debentures worth ₹50 crore through private placement. The Board of Directors approved and allotted 50,000 secured, listed, rated, transferable, redeemable NCDs at their meeting held on April 20, 2026, at the company's registered office.

NCD Allotment Details

The company has allotted the complete issue size as approved earlier, with each debenture carrying a face value of ₹10,000. The NCDs offer an attractive 11.25% coupon rate with monthly interest payments and principal repayment at maturity.

Security and Listing Framework

The NCDs are structured as secured instruments with the company maintaining a security cover of at least 1.10 times at all times during the tenure. The security is backed by loan receivables, both present and future, that meet specific eligibility criteria. The debentures are proposed to be listed on NSE Limited, providing liquidity options for investors.

Interest Payment and Default Provisions

Interest payments will be made monthly as per the Debenture Trust Deed executed between the issuer and the Debenture Trustee. The company has established comprehensive default provisions, including additional interest of 2% per annum above the applicable rate in case of payment default or breach of covenants.

Corporate Governance Update

Alongside the NCD allotment, the Board also considered the reclassification request from Star Housing Finance Limited, seeking to move from 'Promoter and Promoter Group' category to 'Public' category under Regulation 31A of the Listing Regulations, subject to stock exchange approval.

The successful completion of this ₹50 crore NCD allotment demonstrates AKME Fintrade's ability to access debt markets efficiently and provides the company with medium-term funding at competitive rates. The secured nature and attractive coupon rate make these debentures a compelling fixed-income investment option for eligible investors.