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.

akme fintrade (india) Limited has secured in-principle approval from the National Stock Exchange (NSE) and BSE Limited to issue 12,25,00,000 warrants on a preferential basis. The approval, dated May 21, 2026, was granted under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The warrants will be issued to promoters and non-promoters and are convertible into equity shares of Re. 1 each at a price not less than ₹7.

Regulatory Conditions

The stock exchanges have outlined specific conditions that the company must fulfill. These include filing the listing application at the earliest after allotment and obtaining all statutory approvals from authorities such as SEBI, RBI, and the Ministry of Corporate Affairs. The company must also comply with all applicable guidelines and regulations as of the date of the listing application.

Compliance Requirements

Both exchanges have advised the company to strengthen internal controls to monitor trades executed by the proposed allottees. Specifically, the company must obtain an undertaking from allottees confirming they will not engage in intra-day trading or sell the company's scrip until the allotment date. The responsibility for verifying this compliance lies solely with the issuer company.

Listing and Deadlines

Upon allotment of the securities, the company is required to submit a listing application without delay. As per SEBI circulars, the application must be made within twenty days from the date of allotment. Failure to comply with this timeline may result in penalties. The exchanges reserve the right to withdraw the in-principle approval if any information provided is found to be incomplete or misleading.