Akme Fintrade (India) Limited Secures Rs. 15 Crore Term Loan from Shriram Finance Limited

1 min read     Updated on 25 Apr 2026, 05:58 AM
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Akme Fintrade (India) Limited has announced the sanction of a Rs. 15 crore term loan from Shriram Finance Limited through a material event disclosure dated April 24, 2026. The company has duly informed both NSE and BSE about this significant financial development as part of its regulatory compliance obligations.

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Akme Fintrade (India) Limited has secured a substantial term loan facility, marking a significant financial milestone for the company. The loan sanction was formally disclosed to stock exchanges on April 24, 2026, as part of the company's material event reporting obligations.

Loan Details

Shriram Finance Limited has sanctioned a term loan facility to Akme Fintrade (India) Limited with the following specifications:

Parameter: Details
Loan Amount: Rs. 15,00,00,000/- (Rupees Fifteen Crores only)
Loan Type: Term Loan
Sanctioning Entity: Shriram Finance Limited
Disclosure Date: April 24, 2026

Regulatory Compliance

The company has fulfilled its regulatory disclosure requirements by informing both major stock exchanges about this material development. The notification was sent to:

  • National Stock Exchange of India Limited (NSE) - Trading Symbol: AFIL
  • BSE Limited - Scrip Code: 544200

The disclosure was signed by Manoj Kumar Choubisa, Company Secretary and Compliance Officer, ensuring proper authorization and compliance with corporate governance norms.

Corporate Information

Akme Fintrade (India) Limited operates from multiple locations with its head office situated at Akme Business Center, Subcity Centre, Savina Circle, Udaipur, and corporate office located in Neelkanth Business Park, Vidyavihar West, Mumbai. The company maintains transparency by making all material information available on its official website at www.akmefintrade.com .

This loan sanction from Shriram Finance Limited represents an important financial development that could support the company's operational and strategic initiatives going forward.

Historical Stock Returns for Akme Fintrade

1 Day5 Days1 Month6 Months1 Year5 Years
+0.45%-8.15%+11.79%+10.15%+11.23%-32.46%

How will Akme Fintrade utilize the Rs. 15 crore term loan to drive business expansion or operational improvements?

What impact might this significant debt addition have on Akme Fintrade's debt-to-equity ratio and overall financial leverage?

Could this loan facility signal upcoming strategic initiatives or acquisitions in the fintech sector by Akme Fintrade?

Akme Fintrade (India) Limited Files Application for Reclassification from Promoter to Public Category

1 min read     Updated on 23 Apr 2026, 05:18 AM
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Akme Fintrade (India) Limited has submitted an application to both 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 move is pursuant to Regulation 31A (8) (c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has been providing regular updates to the exchanges, with previous intimations dated April 9, 2026, and April 20, 2026. According to the filing, Star Housing Finance Limited currently holds 0 shares, representing 0% of the company's shareholding.

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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:

S No. Name of Shareholders Category (Pre-classification) Category (Post classification) No. of Shares held % of shares held
1 Star Housing Finance Limited Promoter Group Public 0 0

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.

Historical Stock Returns for Akme Fintrade

1 Day5 Days1 Month6 Months1 Year5 Years
+0.45%-8.15%+11.79%+10.15%+11.23%-32.46%

What strategic reasons might have prompted Akme Fintrade to reclassify Star Housing Finance Limited from promoter group to public category?

How will this reclassification impact Akme Fintrade's corporate governance structure and board composition going forward?

Could this move signal potential divestment or restructuring plans within Akme Fintrade's business portfolio?

More News on Akme Fintrade (India)

1 Year Returns:+11.23%