Akme Fintrade Allots ₹30 Crore Secured NCDs via Private Placement
Akme Fintrade's Board allotted 30,000 secured, listed, rated, redeemable NCDs, aggregating ₹30 crore, via private placement. The NCDs carry a 12% monthly coupon, mature by April 16, 2028, and will be listed on NSE.
The fundraising of ₹30 crore represents a significant addition to the company's capital structure and provides liquidity, which can have a medium-term impact on its growth prospects and operational capabilities.
The successful allotment of ₹30 crore in NCDs indicates the company's ability to raise capital, which can be utilized for business expansion, debt refinancing, or general corporate purposes, thereby strengthening its financial position.
The Board of Directors of Akme Fintrade (India) Limited, at their meeting held on October 16, 2025, approved the allotment of 30,000 Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) of ₹10,000/- each, aggregating to ₹30,00,00,000/- (₹30 crore) on a private placement basis. * The NCDs are proposed to be listed on the NSE Limited. * The date of allotment is October 16, 2025, and the date of maturity is April 16, 2028 (up to 30 months from allotment). * The NCDs carry a coupon/interest rate of 12% per annum, payable on a monthly basis. * Principal repayment will occur on maturity. * The security for these debentures will be maintained by the company at 1.25 times or 125% of the aggregate principal outstanding of NCDs, covered by LAP/Equipment Loans/Business Loans receivables. * In case of delay in payment or breach of covenants, a default interest rate of 2% per annum over and above the coupon rate will be applicable.
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.