Akme Fintrade (India) has announced its board's approval for issuing non-convertible debentures (NCDs) worth up to Rs 50 crore through private placement. The company has filed a regulatory disclosure under Regulation 30 and 51 of SEBI Listing Regulations, providing comprehensive details about the debenture issuance.

Debenture Issue Specifications

The Loan & Investment Committee, authorized by the Board of Directors, has approved the issuance of Senior, Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures. The following table outlines the key parameters:

Security and Risk Management

The debentures will be backed by robust security arrangements. The company will maintain a minimum security cover of 1.10 times at all times during the tenure, secured against loan receivables that meet specific eligibility criteria. This security structure provides additional protection for debenture holders.

Default and Penalty Framework

The company has established a comprehensive penalty structure for various scenarios. In case of payment default or Event of Default, an additional interest rate of 2% per annum above the applicable rate will be charged on the outstanding principal amount. Similar penalties apply for breach of covenants, delay in security creation, and delay in executing the Debenture Trust Deed.

Strategic Capital Initiative

This fundraising initiative represents a strategic move to diversify funding sources and strengthen the capital structure. The private placement route allows efficient capital raising from targeted institutional and high-net-worth investors while maintaining control over the process. The NSE listing will provide investors with liquidity through secondary market trading, enhancing the investment proposition's attractiveness.

Star Housing Finance Limited has completed the divestment of its entire shareholding in akme fintrade (india) Limited, selling 21,82,200 shares through open market transactions. The company filed the mandatory disclosure with BSE Limited on April 1, 2026, in accordance with SEBI regulations governing substantial share transactions.

Transaction Details

The share sale transaction was executed on March 30, 2026, through open market operations. Star Housing Finance, identified as belonging to the promoter group of Akme Fintrade, has completely exited its position in the target company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved shares carrying voting rights, with no encumbrances, warrants, or convertible securities involved in the disposal.

Share Capital Impact

Following the complete divestment, Star Housing Finance Limited no longer holds any equity shares or voting rights in Akme Fintrade India Limited. The transaction represents a full exit from the investment, reducing the company's holding from 0.51% to zero across all categories of shareholding.

The disclosure was signed by Nachiketa Purohit, Company Secretary & Compliance Officer, and Kalpesh Dave, Director & Chief Executive Officer of Star Housing Finance Limited, confirming the completion of all regulatory requirements for the share disposal transaction.