AFIL Approves Allotment of ₹50 Crore NCDs in Series A1 & A2
Akme Fintrade (India) Limited has approved the allotment of ₹50 crore in Non-Convertible Debentures (NCDs). This includes ₹25 crore in Series A1 (11.40% interest, 24-month tenure) and ₹25 crore in Series A2 (11.60% interest, 30-month tenure). The allotments occurred on September 10, 2026.
The debt issuance of ₹50 crore is a significant amount for the company and will impact its capital structure and financial leverage. It's a material event for investors.
The company has successfully raised debt funding through the issuance of NCDs, which is generally viewed positively as it can support business operations and growth.
Akme Fintrade (India) Limited (AFIL) announced today, September 10, 2026, the approval by its Board of Directors for the allotment of Non-Convertible Debentures (NCDs) aggregating ₹50 crore. The issuance comprises two series: Series A1 and Series A2, both on a private placement basis.
Series A1 includes the allotment of 25,000 NCDs, each with a face value of ₹10,000, totaling ₹25 crore. These NCDs have a tenure of up to 24 months from the allotment date of September 10, 2026, with a maturity date of September 10, 2028. The coupon interest offered for Series A1 is 11.40%, payable monthly, with the principal due on maturity. The NCDs are secured, listed, rated, transferable, and redeemable.
Series A2 consists of 25,000 NCDs, also with a face value of ₹10,000 each, aggregating ₹25 crore. These NCDs have a tenure of up to 30 months from the allotment date of September 10, 2026, maturing on March 10, 2029. The coupon interest for Series A2 is 11.60%, with monthly interest payments and principal repayment at maturity. Similar to Series A1, these are secured, listed, rated, transferable, and redeemable NCDs. Both series are proposed to be listed on the NSE Limited. The Board meeting commenced at 11:00 AM and concluded at 12:00 PM IST.
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Akme Fintrade (India) Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Akme Fintrade (India) Limited. Read the original for the full detail.