Akme Fintrade Approves Issuance of NCDs up to ₹50 Crore
Akme Fintrade (India) Limited approved the issuance of Secured, Listed, Rated, Redeemable, Non-Convertible Debentures (NCDs) up to ₹50 crore on a private placement basis. The issuance is divided into Series A1 (up to ₹25 crore, 24-month tenure) and Series A2 (up to ₹25 crore, 30-month tenure). The Loan & Investment Committee is authorized for further NCD issuance up to ₹300 crore.
The issuance of NCDs up to ₹50 crore is a significant fundraising activity that can impact the company's capital structure and financial leverage. The authorization for a further ₹300 crore indicates potential for substantial future funding.
The announcement pertains to debt fundraising through NCDs, which is a standard corporate action and does not inherently indicate positive or negative performance. The terms are detailed but do not present an immediate significant positive or negative outlook.
Akme Fintrade (India) Limited (AFIL) announced that its Board of Directors, in a meeting held on October 10, 2026, has approved the issuance of Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) up to ₹50 crore. The issuance will be done on a private placement basis in one or more tranches, categorized as Series A1 and Series A2.
Series A1 NCDs will have a tenure of up to 24 months from the Deemed Date of Allotment, with a total issue size of up to ₹25 crore. Series A2 NCDs will have a tenure of up to 30 months from the Deemed Date of Allotment, also with an issue size of up to ₹25 crore. Both series 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. Penalties, including additional interest of 2% per annum, will apply in case of payment defaults, breach of covenants, or delays in security creation and debenture trust deed execution.
The Board has further authorized the Loan & Investment Committee to determine the quantum, timing, and other terms for an additional NCD issuance of up to ₹300 crore.
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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.