Akme Fintrade (India) has announced the approval of a significant debt fundraising initiative through the issuance of non-convertible debentures. The company has approved raising ₹30.00 crores through senior secured listed non-convertible debentures via private placement.

Debenture Issuance Details

The approved debt instrument carries specific structural features designed to provide security to investors while enabling the company to access capital markets.

Security and Listing Framework

The debentures are structured as senior secured instruments, providing priority in repayment and collateral backing for investors. The minimum security cover of 1.10X ensures that the underlying assets securing the debentures maintain a value at least 1.10 times the outstanding debt amount.

The company has planned to list these debentures on the National Stock Exchange, which will provide liquidity to investors and enable secondary market trading of the debt instruments.

Capital Market Strategy

This private placement approach allows Akme Fintrade (India) to raise funds from select institutional and qualified investors without going through a public offering process. The senior secured nature of the debentures, combined with the security cover requirement, is designed to make the offering attractive to debt investors seeking secured investment opportunities.

Akme fintrade (india) Limited has announced the approval of non-convertible debenture issuance worth up to ₹30.00 crores through its authorized Loan & Investment Committee. The committee, acting under the authority granted by the Board of Directors, approved this decision at its meeting held on January 9th, 2026.

Debenture Structure and Features

The approved securities are structured as Senior, Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures to be issued on a private placement basis to eligible investors. The debentures are proposed to be listed on the National Stock Exchange of India Limited and will be issued in one or more tranches or series as per market conditions.

Security and Coverage Terms

The company has committed to maintaining a minimum security cover of 1.10x (one decimal one zero times) at all times during the tenure of the debentures. This security cover will be maintained over loan receivables, both present and future, of the issuer that fulfill specific eligibility criteria. The security arrangement must be established on or prior to the deemed date of allotment.

Penalty and Default Provisions

The debenture terms include comprehensive penalty structures for various scenarios. In case of payment default or any event of default, the company will pay an additional interest rate of 2.00% per annum above the applicable interest rate on the outstanding principal amount from the date of occurrence until the default is cured or final redemption is completed.

For breach of covenants and undertakings, including financial covenants, the penalty must be paid within 30 calendar days from the date of breach. If the breach continues beyond the initial thirty-day period, the penalty becomes payable at the end of every subsequent thirty-day period until the breach is fully cured.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement follows SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11th, 2024, ensuring full regulatory compliance for the proposed issuance.

The specific details regarding tenure, coupon rates, interest payment schedules, and redemption terms will be specified in the key information document to be prepared for the issuance. The company has indicated that no special rights, interests, or privileges are attached to the instrument beyond the standard debenture features.