Akme Fintrade Approves NCD Issuance Up to ₹50 Crore
Akme Fintrade's Board approved issuing NCDs up to ₹50 crore via private placement, in Series A1 (up to ₹25 crore, 24-month tenure) and Series A2 (up to ₹25 crore, 30-month tenure). These will be listed on NSE. The Loan & Investment Committee is authorized to finalize terms for NCDs up to ₹300 crore.
The issuance of NCDs is a significant financing activity that can impact the company's capital structure and leverage, warranting a medium impact.
The company is raising capital through NCD issuance, which is a positive step for its financing activities and potential growth.
Akme Fintrade (India) Limited announced the outcome of its Board Meeting held on October 10, 2026. The Board approved the issuance of Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) up to a total of ₹50 crore. This issuance will be in two series, "Series A1" and "Series A2", and will be conducted on a private placement basis in one or more tranches.
The "Series A1" NCDs will have a size of up to ₹25 crore and a tenure of up to 24 months from the Deemed Date of Allotment. These 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.
The "Series A2" NCDs will also have a size of up to ₹25 crore, but with a tenure of up to 30 months from the Deemed Date of Allotment. Similar to Series A1, these NCDs are proposed to be listed on the NSE and will require the company to maintain a minimum security cover of 1.10x.
Furthermore, the Board has authorized the Loan & Investment Committee to determine the precise quantum, timing, and other terms and conditions for an expanded NCD issue of up to ₹300 crore. The meeting commenced at 11:00 A.M. and concluded at 11:30 A.M.
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.