AFIL's 30th AGM: All 10 Resolutions Passed Unanimously, Including Financials and Borrowing Limits

Akme Fintrade (India) Limited (AFIL) held its 30th Annual General Meeting (AGM) on August 04, 2026, where all 10 resolutions presented to the shareholders were passed with requisite majority. The voting facility, including remote e-voting from August 01 to August 03, 2026, and e-voting during the AGM, saw overwhelming support from shareholders.

The resolutions approved included the consideration and adoption of the Audited Standalone Financial Statements for the Financial Year ended March 31, 2026, along with the Board and Auditors' reports. Shareholders also re-appointed Mr. Jinit Sureshkumar Jain as a Director liable to retire by rotation and approved the appointment of the Statutory Auditor and their remuneration.

Key financial and corporate actions approved by shareholders include an increase in the company's overall borrowing limits and an increase in the limit for the creation of charges on assets to secure borrowings, up to ₹1,200 Crore. Additionally, the regularization of the appointment of Mr. Kamlesh Jain as an executive director and the waiver of recovery of excess managerial remuneration for Mr. Rajendra Chittora were approved. The shareholders also approved the increase in authorized share capital and subsequent alteration of the Memorandum of Association. Finally, material related party transactions with Akme Build Estate Limited were approved, along with the remuneration for Mr. Rajendra Chittora as Executive Director.