Akme fintrade (india) Limited has successfully completed its postal ballot process and regulatory compliance procedures for the appointment of Mr. Jinit Sureshkumar Jain as Executive Director. The company has filed comprehensive documentation with stock exchanges, demonstrating adherence to corporate governance standards and regulatory requirements.

Postal Ballot Results and Shareholder Approval

The postal ballot process concluded on February 22, 2026, with exceptional shareholder support across all categories. The voting results demonstrate strong confidence in the company's leadership decisions:

The resolution received overwhelming support with 159,893,077 votes in favour and only 3,903 votes against, reflecting strong shareholder confidence in the appointment decision.

Executive Director Appointment Details

The approved resolution pertains to Mr. Jinit Sureshkumar Jain's appointment with specific terms and conditions outlined in the postal ballot notice:

The appointment was approved under Sections 196, 197, and 203 of the Companies Act, 2013, with the Board authorized to vary terms and conditions as deemed appropriate.

Regulatory Compliance and Documentation

The company has fulfilled all regulatory obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Comprehensive documentation has been submitted to both National Stock Exchange of India Limited and BSE Limited, including:

• Summary of proceedings of resolution passed through postal ballot
• Scrutinizer's report and voting results
• Complete compliance documentation
• Website publication of all relevant information

The postal ballot process was conducted entirely through remote e-voting via Central Depository Services (India) Limited platform, with voting period from January 24, 2026, to February 22, 2026. Ronak Jhuthawat & Co., Practicing Company Secretaries, served as the appointed scrutinizer, ensuring transparency and regulatory compliance.

Corporate Governance Standards

The successful completion of this postal ballot process reflects the company's commitment to maintaining high corporate governance standards. The process included proper notice circulation, newspaper advertisements in Financial Express and Jai Rajasthan, and comprehensive stakeholder communication. All documentation has been made available on the company's website at www.akmefintrade.com , ensuring transparency for shareholders and regulatory authorities.

Akme fintrade (india) Limited has received credit rating assignments from CARE Ratings Limited for its various financial instruments totaling ₹465 crore. The Udaipur-based non-banking financial company informed stock exchanges on February 05, 2026, about the rating actions under SEBI listing regulations.

Rating Details and Assignments

CARE Ratings assigned long-term ratings of CARE BBB+ with stable outlook to the company's major facilities while reaffirming its short-term rating. The rating agency evaluated the standalone credit profile of the NBFC in arriving at these ratings.

Key Rating Strengths

The rating factors in several positive aspects of Akme Fintrade's financial profile. The company's capitalisation position remains adequate, supported by healthy equity infusion of ₹132 crore through its initial public offer in FY25. The NBFC reported a capital adequacy ratio of 51.70% and gearing of 0.97x as of September 30, 2025.

The company demonstrated healthy profitability metrics with profit after tax of ₹33.20 crore in FY25, translating to return on managed assets of 5.70% and return on net worth of 11.10%. This represented an improvement from the previous year's figures of ₹18.50 crore PAT, 4.30% RoTA, and 8.80% RONW in FY24.

Rating Constraints and Challenges

Despite the positive rating assignment, CARE Ratings highlighted several constraints. The company's operations remain geographically concentrated with presence in only five states, with Rajasthan accounting for approximately 63% of overall assets under management as of September 30, 2025.

The NBFC has grown at a modest pace with compound annual growth rate of 19% over the last four financial years, reaching AUM of ₹767 crore as of September 30, 2025. The rating also considers the company's limited resource profile with high reliance on financial institutions and NBFCs at 50% of total borrowings, along with higher cost of borrowing compared to peers.

Financial Performance and Outlook

Akme Fintrade's asset quality metrics showed improvement with gross non-performing assets declining to 2.77% as of March 31, 2025, from 3.63% in the previous year. The company maintains adequate provisions of 51% on its GNPA as of September 30, 2025.

The stable outlook reflects CARE Ratings' expectation that Akme Fintrade will continue maintaining comfortable gearing and liquidity positions while reporting healthy profitability metrics and keeping credit costs under control. The rating agency will monitor the performance of the company's expanding vehicle finance segment, which constituted 75% of total disbursements in the last 1.5 financial years.

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