Akme Fintrade (India) Limited has formally notified shareholders about its extraordinary general meeting scheduled for March 20, 2026, following the board's approval of a substantial preferential warrant issue worth ₹85.75 crore. The company has issued detailed EGM notices to stock exchanges and shareholders, outlining the comprehensive framework for the proposed warrant allotment.

EGM Meeting Details

The extraordinary general meeting will be conducted through video conferencing and other audio-visual means, reflecting current corporate governance practices. The meeting logistics demonstrate the company's commitment to ensuring broad shareholder participation in this significant corporate decision.

Warrant Issue Structure

The board-approved warrant issue involves up to 12.25 crore warrants, each convertible into one equity share of ₹1 face value. The warrants are priced at ₹7 each, representing the floor price as per SEBI ICDR Regulations, with the total issue size aggregating to ₹85.75 crore.

Comprehensive Allottee Distribution

The warrant allocation spans 15 proposed allottees across promoter and non-promoter categories, with significant allocations to both individual investors and corporate entities. The distribution includes substantial participation from promoter group entities and strategic investors.

E-Voting Framework

The company has established a comprehensive e-voting mechanism to facilitate shareholder participation. The remote e-voting period provides adequate time for shareholders to cast their votes on the special resolution.

Post-Conversion Impact Analysis

Assuming full conversion of all warrants, the shareholding pattern will experience significant changes. Nirmal Kumar Jain's shareholding will adjust from 26.49% to 22.62%, while new stakeholders will gain meaningful positions in the company's equity structure.

Regulatory Compliance Framework

The warrant issue requires compliance with multiple regulatory frameworks, including the Companies Act 2013, SEBI ICDR Regulations, and listing regulations. The company has appointed M/s. Ronak Jhuthawat & Co. as scrutinizers for the EGM, ensuring transparent and fair voting processes. The entire process adheres to SEBI guidelines for preferential allotments, with appropriate lock-in periods and pricing mechanisms as per regulatory requirements.

AKME Fintrade (India) Ltd. has filed a disclosure under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, reporting a significant share acquisition by a group of acquirers led by Subhash Phootarmal Rathod.

Acquisition Details

The acquisition involved seven entities acting in concert, with Subhash Phootarmal Rathod as the primary acquirer along with six associated entities. The group acquired a total of 5,347,950 shares, representing 1.253% of the company's total voting capital through open market transactions.

Holdings Before and After Acquisition

Prior to this acquisition, the group collectively held 23,600,858 shares, representing 5.530% of the total voting capital. The acquisition increased their combined holding to 28,948,808 shares, representing 6.783% of the company's total voting capital.

Transaction Timeline and Company Details

The share acquisition took place between February 20-24, 2026, through open market purchases. The disclosure confirms that the acquirer group does not belong to the promoter or promoter group category. AKME Fintrade (India) Ltd. is listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Share Capital Information

The company's equity share capital remains unchanged at 426,749,960 shares with an equivalent amount value. The total diluted share capital also stands at the same figure, indicating no outstanding convertible instruments or warrants that would affect the diluted capital calculation.

This disclosure ensures compliance with SEBI regulations requiring transparency in substantial shareholding changes, providing investors with crucial information about ownership structure modifications in the company.