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.

Akme Fintrade (India) Limited has completed the allotment of ₹20 crore worth of non-convertible debentures (NCDs) following its Board of Directors meeting held on December 22, 2025. The NBFC successfully allotted 20,000 listed, rated, senior, secured, transferable, redeemable NCDs through private placement.

NCD Allotment Details

The Board meeting, which commenced at 10:30 AM and concluded at 11:00 AM, approved the final allotment terms for the debenture issuance.

Security and Coverage Terms

The company will maintain 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, present and future, of the issuer that fulfill specific eligibility criteria.

Default and Penalty Provisions

The debenture terms include comprehensive penalty structures for various scenarios:

Payment Default

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 until the default is cured.

Breach of Covenants

For defaults in performance of covenants and undertakings, including financial covenants, an additional interest of 2.00% per annum over the coupon rate will be payable for the defaulting period. The penalty must be paid within 30 calendar days from the date of breach.

Security Creation Delays

If the issuer fails to execute the Hypothecation Agreement and perfect security within prescribed timelines, additional interest of 2.00% over the interest rate will be applicable. Additionally, if the Debenture Trust Deed is not already executed, the company shall execute it within SEBI prescribed timelines or pay penalty interest of at least 2.00% per annum over the coupon rate.

Company Performance Context

As per the company's recent financial results for the half-year ended September 30, 2025, Akme Fintrade demonstrated strong growth across key metrics:

The successful NCD allotment provides the company with additional capital to support its lending activities in rural and semi-urban markets, where it primarily offers vehicle finance and business loans. The company, incorporated in 1996 and listed on both BSE and NSE, continues to expand its presence in the NBFC sector with this latest fundraising initiative.