Akme Fintrade Approves ₹200 Cr NCD Issue, Appoints Jinit Jain as Director
Akme Fintrade's Board approved issuing up to ₹200 Crores in Non-Convertible Debentures via private placement. Mr. Jinit Jain was appointed as an Additional Director (Executive), effective December 13, 2025. The NCDs will be listed on NSE.
The NCD issuance of ₹200 Crores is a substantial amount that can impact the company's financial leverage and growth prospects. The appointment of a new director, especially in an executive capacity, can also influence strategic direction.
The company is raising significant capital through NCDs, which can support business growth, and appointing a new director can bring fresh perspectives and expertise.
Akme Fintrade (India) Limited announced a significant decision by its Board of Directors during a meeting held on December 13, 2025. The Board approved the issuance of Senior, Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) up to ₹200 Crores on a private placement basis.
The issuance will be conducted in one or more tranches, and the Loan & Investment Committee of the Board has been authorized to finalize the quantum, timing, and other terms and conditions. The NCDs are proposed to be listed on the National Stock Exchange of India Limited. The company will maintain a security cover of at least 1.10x over loan receivables.
In addition to the NCD issuance, the Board also approved the appointment of Mr. Jinit Jain (DIN: 10628200) as an Additional Director in an executive capacity, effective from December 13, 2025. Mr. Jain, son-in-law of Managing Director Mr. Nirmal Kumar Jain, holds a Post Graduate degree in Marketing and brings experience in operations, financial management, and cost optimization. He is not debarred from holding the office of director by any SEBI order.
The Board meeting commenced at 11:30 A.M. and concluded at 12:05 P.M.
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Akme Fintrade (India) Limited filed this with the NSE as a statutory disclosure, categorised under equity 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.