Akme Fintrade (India) Ltd has approved the issuance of secured, non-convertible debentures (NCDs) worth up to ₹25 crore on a private placement basis to eligible investors. The debentures will be listed on the National Stock Exchange of India Limited. The Loan & Investment Committee, authorized by the Board of Directors, approved the issuance on July 03, 2026.

The NCDs are rated, senior, secured, transferable, and redeemable. The total issue size is up to INR 25,00,00,000, and it will be conducted in one or more tranches. The tenure of the instrument, including the date of allotment and maturity, will be specified in the key information document.

The issuer will maintain a security cover of at least 1.10x over loan receivables that meet specific eligibility criteria. This security must be in place on or prior to the deemed date of allotment and maintained throughout the tenure of the debentures.

The document outlines specific penalties for delays or defaults. In the event of a payment default or breach of covenants, the company will pay an additional interest rate of 2% per annum over the applicable interest rate. Similarly, a delay in executing the Hypothecation Agreement or the Debenture Trust Deed will attract penal interest of 2% per annum.

Details of Non-Convertible Debenture

Akme Fintrade (India) Ltd has received approval from BSE Limited and National Stock Exchange of India Limited to reclassify Akme Star Housing Finance Limited from the Promoter Group to the Public category. The approval was granted via letters dated June 17, 2026, following an application submitted by the company on April 22, 2026. This change in shareholding classification was executed under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The reclassification specifically targets Akme Star Housing Finance Limited. According to the disclosure, the entity held 0 shares, representing 0% of the total shareholding, prior to and following the reclassification. The exchanges have instructed the company to ensure compliance with all subsequent relevant disclosures regarding material events associated with this reclassification.

Reclassification Details

The following table outlines the specific changes in the shareholding category as approved by the exchanges:

The company has confirmed that the approval letters from both exchanges have been received and are enclosed with the regulatory filing. This information is also available on the company's official website.