Akme Fintrade allotted ₹50 crore worth of secured non-convertible debentures through private placement on September 10, 2026. The issuance is split into two series with distinct tenors and coupon rates to meet investor demand.

The Board of Directors approved the allotment during a meeting held at the company’s registered office. The instruments are listed, rated, senior, secured, transferable, redeemable, and non-convertible.

Issue Structure

The total issue size of ₹50 crore comprises two series, each aggregating ₹25 crore. Both series are proposed to be listed on the National Stock Exchange of India.

Interest for both series is payable on a monthly basis, with the principal amount due on maturity. The payments will be made in accordance with the Debenture Trust Deed executed between the issuer and the Debenture Trustee.

Security and Covenants

The company must maintain a minimum security cover of 1.10x over eligible loan receivables throughout the tenure of the debentures. This security applies to present and future loan receivables that meet specific eligibility criteria.

Default provisions include an additional interest rate of 2% per annum above the applicable coupon rate if there is a payment default or breach of covenants. This penalty applies from the date of the event of default until it is cured or the final redemption amount is paid. Similar penal interest applies for delays in executing the Hypothecation Agreement or the Debenture Trust Deed within prescribed timelines.

What the Numbers Show

The slight variation in coupon rates between the two series reflects the difference in tenure. Series A2, with a longer 30-month maturity compared to Series A1’s 24 months, carries a higher coupon of 11.60% versus 11.40%. This pricing structure aligns with standard yield curve expectations where longer-dated debt commands a higher interest rate to compensate investors for extended duration risk.

Akme Fintrade (India) Limited has approved the issuance of listed, rated, senior secured non-convertible debentures (NCDs) up to ₹50 crore. The Loan & Investment Committee authorized the move at its meeting held on August 24, 2026.

The company will raise the capital through private placement in two series: Series A1 and Series A2. Each series carries a size of up to ₹25 crore. The instruments are transferable, redeemable, and proposed for listing on the National Stock Exchange of India Limited.

Issue Structure

The total issuance is split equally between the two series. Details of the structure are outlined below.

Security and Covenants

The company must maintain a minimum security cover of 1.10x over eligible loan receivables throughout the tenure of the debentures. This cover applies to present and future loan receivables meeting specific eligibility criteria.

Default Penalties

The issuance documents specify strict penalties for defaults:

• Payment Default: An additional interest rate of 2% per annum above the applicable interest rate applies from the date of default until cure or final redemption.
• Covenant Breach: Additional interest of 2% per annum over the coupon rate is payable for the defaulting period. Penalties must be paid within 30 calendar days of the breach.
• Security Creation Delay: Failure to execute the Hypothecation Agreement and perfect security within timelines attracts an additional interest of 2% over the interest rate.
• Trust Deed Delay: Delay in executing the Debenture Trust Deed results in penal interest of at least 2% per annum over the coupon rate until execution.

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 and 51 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The details align with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.