Akme Fintrade Allots ₹20 Crore in NCDs on Private Placement Basis
Akme Fintrade (India) Limited has allotted 20,000 NCDs worth ₹20 Crores on a private placement basis. The NCDs mature in up to 36 months with an 11.50% coupon. The Board Meeting where this was approved was held on December 22, 2025.
The issuance of ₹20 Crores in NCDs will impact the company's capital structure and debt levels. The interest rate and tenure are material factors for the company's financial obligations and profitability.
The announcement details a routine debt issuance through NCDs, which is a standard financing activity for companies. While it provides funding, it does not represent a significant strategic shift or a major improvement/deterioration in the company's financial performance.
Akme Fintrade (India) Limited (AFIL) announced the outcome of its Board Meeting held on December 22, 2025. The Board approved the allotment of 20,000 Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹20,00,00,000 (₹20 Crores). This issuance was conducted on a private placement basis to eligible investors.
The NCDs have a tenure of up to 36 months from the Deemed Date of Allotment, with the allotment date being December 22, 2025, and the maturity date set for December 22, 2028. The NCDs carry a coupon interest of 11.50%, payable monthly, with the principal due at maturity. The company will maintain a security cover of at least 1.10x over its loan receivables.
In case of payment defaults or breach of covenants, an additional interest of 2% per annum will be applicable. The NCDs are proposed to be listed on the National Stock Exchange (NSE) Limited. The Board Meeting commenced at 10:30 AM and concluded at 11:00 AM.
What to do with a filing like this
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.