Akme Fintrade Board Approves Issuance of ₹60 Crore Secured NCDs via Private Placement
Akme Fintrade's board approved issuing upto ₹60 Crores in secured, listed, rated, redeemable NCDs via private placement, offering 12.00% monthly interest and principal repayment at 24 and 30 months.
Raising ₹60 Crores is a substantial amount for the company, providing crucial funding. The terms (12% interest, secured) indicate a clear financing strategy. While significant, it's debt financing, which comes with obligations, hence not 'HIGH' but definitely 'MEDIUM' due to the capital infusion.
The approval to issue NCDs allows the company to raise significant capital (₹60 Crores) for its operations, which is generally positive for growth and liquidity.
* The Board of Directors of Akme Fintrade (India) Limited, at their meeting held on Thursday, 09th October, 2025, approved the issuance of Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs). * The total amount for which the securities will be issued is upto ₹ 60 Crores (Indian Rupees Sixty Crores Only) in one or more tranches/series. * The NCDs will be issued on a private placement basis to eligible investors and are proposed to be listed on the National Stock Exchange of India Limited. * The tenure of the instrument is upto 30 months from the Deemed Date of Allotment, offering a coupon/interest rate of 12.00 % per annum with monthly interest payments. * Principal repayment schedule includes 50% at the end of 24 months and the remaining 50% at the end of 30 months. * Security will be maintained at 1.25 times or 125% of the aggregate principal outstanding of NCDs, covered by LAP/Equipment Loans/Business Loans receivables. * In case of a breach of any covenants, an additional coupon of 2 % per annum will be paid over the applicable coupon rate on all outstanding amounts.
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.