AKME Fintrade (India) Limited has successfully completed the allotment of secured non-convertible debentures worth ₹50 crore through private placement. The Board of Directors approved and allotted 50,000 secured, listed, rated, transferable, redeemable NCDs at their meeting held on April 20, 2026, at the company's registered office.

NCD Allotment Details

The company has allotted the complete issue size as approved earlier, with each debenture carrying a face value of ₹10,000. The NCDs offer an attractive 11.25% coupon rate with monthly interest payments and principal repayment at maturity.

Security and Listing Framework

The NCDs are structured as secured instruments with the company maintaining a security cover of at least 1.10 times at all times during the tenure. The security is backed by loan receivables, both present and future, that meet specific eligibility criteria. The debentures are proposed to be listed on NSE Limited, providing liquidity options for investors.

Interest Payment and Default Provisions

Interest payments will be made monthly as per the Debenture Trust Deed executed between the issuer and the Debenture Trustee. The company has established comprehensive default provisions, including additional interest of 2% per annum above the applicable rate in case of payment default or breach of covenants.

Corporate Governance Update

Alongside the NCD allotment, the Board also considered the reclassification request from Star Housing Finance Limited, seeking to move from 'Promoter and Promoter Group' category to 'Public' category under Regulation 31A of the Listing Regulations, subject to stock exchange approval.

The successful completion of this ₹50 crore NCD allotment demonstrates AKME Fintrade's ability to access debt markets efficiently and provides the company with medium-term funding at competitive rates. The secured nature and attractive coupon rate make these debentures a compelling fixed-income investment option for eligible investors.

Akme fintrade (india) Limited has filed its quarterly compliance certificate with stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations for the quarter ended March 31, 2026. The submission demonstrates the company's commitment to maintaining transparency and regulatory compliance in its operations.

Regulatory Compliance Certificate Details

The certificate was submitted under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, covering the fourth quarter of fiscal year 2026. Company Secretary and Compliance Officer Manoj Kumar Choubisa filed the documentation with both National Stock Exchange of India Limited (NSE) and BSE Limited on April 9, 2026.

Registrar Confirmation

Bigshare Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate on April 4, 2026. The registrar confirmed that no dematerialization requests were received from shareholders during the specified quarter period from January 1, 2026 to March 31, 2026.

The certificate references multiple regulatory circulars including NSDL/CIR/II/5/2019 dated January 25, 2019, CDSL/OPS/RTA/POLICY/2019/14 dated January 25, 2019, and SEBI letter reference MRD/DOP2/DSA2/OW/2019/2498/1 dated January 24, 2019, ensuring comprehensive compliance with all applicable guidelines.

Company Information

Akme Fintrade (India) Limited operates with CIN U67120RJ1996PLC011509 and RBI Registration Number B-10.00092. The company maintains its head office at Akme Business Center, Subcity Centre, Udaipur, and corporate office in Mumbai's Vidyavihar area. Bigshare Services Private Limited, with SEBI Registration Number INR000001385, continues to serve as the company's registrar and share transfer agent, facilitating smooth shareholder services and regulatory compliance.