Akme Fintrade approves ₹50 crore NCD issuance on private placement
- Akme Fintrade approved ₹50 crore NCD issuance in two series
- Series A1 and Series A2 each sized up to ₹25 crore
- Instruments are senior, secured, and listed on NSE
- Minimum security cover of 1.10x required over loan receivables
- 2% penalty interest applies for payment or covenant defaults
*this image is generated using AI for illustrative purposes only.
Akme Fintrade (India) Limited has approved the issuance of listed, rated, senior secured non-convertible debentures (NCDs) up to ₹50 crore. The Loan & Investment Committee authorized the move at its meeting held on August 24, 2026.
The company will raise the capital through private placement in two series: Series A1 and Series A2. Each series carries a size of up to ₹25 crore. The instruments are transferable, redeemable, and proposed for listing on the National Stock Exchange of India Limited.
Issue Structure
The total issuance is split equally between the two series. Details of the structure are outlined below.
| Series | Amount | Type | Listing |
|---|---|---|---|
| Series A1 | Up to ₹25 crore | Senior Secured NCDs | NSE |
| Series A2 | Up to ₹25 crore | Senior Secured NCDs | NSE |
Security and Covenants
The company must maintain a minimum security cover of 1.10x over eligible loan receivables throughout the tenure of the debentures. This cover applies to present and future loan receivables meeting specific eligibility criteria.
Default Penalties
The issuance documents specify strict penalties for defaults:
- Payment Default: An additional interest rate of 2% per annum above the applicable interest rate applies from the date of default until cure or final redemption.
- Covenant Breach: Additional interest of 2% per annum over the coupon rate is payable for the defaulting period. Penalties must be paid within 30 calendar days of the breach.
- Security Creation Delay: Failure to execute the Hypothecation Agreement and perfect security within timelines attracts an additional interest of 2% over the interest rate.
- Trust Deed Delay: Delay in executing the Debenture Trust Deed results in penal interest of at least 2% per annum over the coupon rate until execution.
Regulatory Disclosure
The disclosure was made pursuant to Regulation 30 and 51 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The details align with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Historical Stock Returns for Akme Fintrade
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +8.25% | +4.34% | +4.88% | +43.26% | +46.80% | -24.29% |
How will the proceeds from this ₹50 crore NCD issuance impact Akme Fintrade's debt-to-equity ratio and overall leverage profile?
What specific expansion strategies or loan portfolio growth initiatives is Akme Fintrade planning to fund with this capital raise?
Given the strict 1.10x security cover covenant, how might this constraint limit the company's operational flexibility in managing its receivables during market downturns?
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