Akme Fintrade (India) Ltd has secured a term loan of ₹15 crore from Tourism Finance Corporation of India Ltd. The company disclosed the sanction in a filing submitted to the National Stock Exchange of India Ltd and BSE Ltd on August 18, 2026.

The financing arrangement adds to the company’s debt capacity, though the filing does not specify the tenure, interest rate, or intended use of proceeds for this specific tranche.

Loan Details

Manoj Kumar Choubisa, Company Secretary and Compliance Officer, confirmed the transaction in the regulatory communication. The information is also available on the company’s website.

Akme Fintrade (India) Akme Fintrade (India) shareholders have formally approved a significant increase in borrowing security limits, granting permission to create charges on company assets up to ₹1,200 crore. The resolution was passed at the company’s 30th Annual General Meeting (AGM), conducted via Video Conferencing on August 4, 2026. This approval provides the Board with enhanced flexibility to secure future borrowings, a critical move for a financial services entity managing liquidity and expansion needs. The voting results were officially submitted to the National Stock Exchange of India Limited (NSE) and BSE Limited on August 5, 2026, pursuant to Regulation 44 of the SEBI Listing Regulations, 2015.

The meeting commenced at 12:30 P.M. and concluded at 12:55 P.M., with Nirmal Kumar Jain, Chairperson & Managing Director, presiding over the proceedings. Key executives present included Rajendra Chittora, Executive Director; Jinit Sureshkumar Jain, Executive Director; Kamlesh Jain, Additional Executive Director; Rajni Gehlot, Chief Financial Officer; Akash Jain, Chief Executive Officer; and Manoj Kumar Choubisa, Company Secretary & Compliance Officer. Independent Directors Nishant Sharma, Antima Kataria, Sanjay Dattatray Tatke, and Neelam Tater were also in attendance. Jinendra Jain, Partner at Valawat & Associates, the Statutory Auditors for the financial year ended March 31, 2026, attended to address queries regarding the audit process.

In addition to the borrowing limits, shareholders transacted several ordinary and special businesses. Under ordinary resolutions, members received, considered, and adopted the Standalone Financial Statements for FY26 along with the reports of the Board of Directors and Auditors. Jinit Sureshkumar Jain (DIN: 10628200), who retired by rotation, was reappointed as a Director. The company also appointed Statutory Auditors and fixed their remuneration for the upcoming term. Furthermore, shareholders approved an increase in the Authorized Share Capital and subsequent alterations to the Memorandum of Association.

Special resolutions focused on governance regularization and executive compensation. Shareholders approved the regularization of Kamlesh Jain’s appointment as an Executive Director and fixed his remuneration. Another significant resolution involved the waiver of recovery of excess managerial remuneration paid to Executive Director Rajendra Chittora (DIN: 08211508) for FY26. The meeting also approved the remuneration payable to Mr. Chittora going forward. These approvals ensure compliance with regulatory norms regarding managerial pay structures and historical adjustments.

The AGM also addressed related party transactions, with shareholders approving material transactions with Akme Build Estate Limited. This approval is essential for maintaining transparency and adhering to SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015. Dr. CS Ronak Jhuthawat, Partner of Ronak Jhuthawat & Co, served as the Secretarial Auditor and Scrutinizer for the remote e-voting and e-voting processes during the AGM.

Key Resolutions Passed at the 30th AGM

The consolidated results of the remote e-voting and e-voting during the AGM have been declared in the prescribed format under Regulation 44 of the Listing Regulations. The voting results have been submitted to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). They are also displayed at the Company’s Registered Office and available on the company website and the Central Depository Services (India) Limited portal.