Akme Fintrade (India) Ltd has allotted 25,000 secured, rated, non-convertible debentures (NCDs) aggregating ₹25 Cr on a private placement basis to eligible investors. The issuance aims to raise capital through debt instruments with a coupon rate of 11.50%, providing investors with monthly interest payments and principal repayment upon maturity. The NCDs are proposed to be listed on NSE Limited, ensuring liquidity for the holders.

The Board of Directors of Akme Fintrade (India) Ltd approved the allotment at its meeting held on July 14, 2026. The debentures, valued at INR 10,000 each, have a tenure of up to 24 months from the deemed date of allotment, with a maturity date set for July 14, 2028. The company will maintain a security cover of at least 1.10x over loan receivables during the tenure of the debentures.

The issuance includes specific provisions for penalties in case of defaults or delays. If there is a payment default or any other event of default, the company agrees to pay an additional interest rate of 2% per annum above the applicable interest rate on the outstanding principal amount. Furthermore, any breach of covenants and undertakings, including financial covenants, will attract additional interest at 2% per annum over the coupon rate for the defaulting period.

Additional penal measures are stipulated for delays in security creation and execution of the Debenture Trust Deed. If the issuer fails to execute the Hypothecation Agreement and perfect security within the timelines, an additional interest of 2% over and above the interest rate will be payable. Similarly, a delay in the execution of the Debenture Trust Deed will result in a penal interest of at least 2% per annum over the coupon rate until the deed is executed.

The key details of the allotment are summarised below:

Akme Fintrade (India) Ltd has approved the issuance of secured, non-convertible debentures (NCDs) worth up to ₹25 crore on a private placement basis to eligible investors. The debentures will be listed on the National Stock Exchange of India Limited. The Loan & Investment Committee, authorized by the Board of Directors, approved the issuance on July 03, 2026.

The NCDs are rated, senior, secured, transferable, and redeemable. The total issue size is up to INR 25,00,00,000, and it will be conducted in one or more tranches. The tenure of the instrument, including the date of allotment and maturity, will be specified in the key information document.

The issuer will maintain a security cover of at least 1.10x over loan receivables that meet specific eligibility criteria. This security must be in place on or prior to the deemed date of allotment and maintained throughout the tenure of the debentures.

The document outlines specific penalties for delays or defaults. In the event of a payment default or breach of covenants, the company will pay an additional interest rate of 2% per annum over the applicable interest rate. Similarly, a delay in executing the Hypothecation Agreement or the Debenture Trust Deed will attract penal interest of 2% per annum.

Details of Non-Convertible Debenture